New-home sales dropped in July after solid first-half run

The average sales price was $377,200. For Sale Inventory and Months’ Supply The seasonallyadjusted estimate of new houses for sale at the end of May was 333,000. This represents a supply of 6.4 months at the current sales rate. The June report is scheduled for release on July 24, 2019.

Sales of new single-family houses in June dropped 5.3% to a seasonally adjusted annual rate of 631,000, according to estimates released jointly today by the U.S. Census Bureau and the Department.

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July New Home Sales: The West Sinks New Home Sales In July New home sales fell to an annual rate of 571,000 units in July from June’s revised sales rate of 630,000 units. Months supply of inventory stands at 5.8 months; the median new home sale price rose by 6.3 percent on a year-over-year basis.

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Also doing well are American companies that make things in China and export them back to the United States, where economic growth is solid. sales in July slipped 4 percent compared with a year ago..

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Existing home sales tumbled to a 2-1/2-year low in June, the 4th month of declines. Tight inventory and high prices have some buyers throwing in the towel. New home sales were also down. A 1.7% drop in July brought them to a 9-month low. However, reports indicate the inventory of new homes is increasing.

After rebounding in May, new home sales plummeted 5.3% in June but were up 2.4% compared with June 2017, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. The approximately 631,000 new home sales in June was down from about 666,000 in May but up from about 616,000 in June 2017.

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New home sales drop 12.4% to record low. NEW YORK ( — New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. New home sales dropped 12.4% to a seasonally adjusted annual rate of 276,000 last month,

NEW YORK ( TheStreet) — Sales of newly constructed homes plunged in July, even as more inventory hit the market. According to the census bureau, new home sales dropped 13.4% in July to a.

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