Comments on July New Home Sales

The new home sales report for July was slightly below expectations and there were also minor downward revisions to prior months.  However sales are still up solidly for 2015 compared to 2014. Earlier: New Home Sales increased to 507,000 Annual Rate in July . The Census Bureau reported that new home sales this year, through July, were 316,000, not seasonally adjusted (NSA). That is up 21.2% from 260,000 sales during the same period of 2014 (NSA). That is a strong year-over-year gain for the first seven months of 2015! Sales were up 25.8% year-over-year in July. Click on graph for......(read more)

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