by Calculated Risk on 9/25/2024 11:02:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease to 716,000 Annual Rate in August

Brief excerpt:

The Census Bureau reported New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 716 thousand. The previous three months were revised up.
...
The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in August 2024 were up 9.8% from August 2023.

New home sales, seasonally adjusted, have increased year-over-year in 16 of the last 17 months.

There is much more in the article.