New Home Sales Decrease to 716,000 Annual Rate in August; Median New Home Price is Down 9% from the Peak

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.
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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.