According to the latest data, new-home sales have experienced a significant increase in July, reaching a seasonally adjusted annual rate of 739,000 units. This marks a notable uptick of 10.6% compared to the previous month and a 5.6% rise from the same period last year. This surge in new-home sales reflects positive momentum in the housing market, indicating a robust demand for new residential properties.
Key points:
– New-home sales reached a seasonally adjusted annual rate of 739,000 in July
– Sales increased by 10.6% from June and 5.6% from July 2023
– This surge indicates strong demand for new residential properties
– The data reflects positive momentum in the housing market, highlighting continued growth in the sector.
You can read this full article at: https://www.housingwire.com/articles/new-home-sales-pop-but-supply-is-shrinking/(subscription required)
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