Stock

New Home Sales increased to 713,000 Annual Rate in August

The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 713 thousand.

The previous three months were revised up combined.  June was again revised up to a new cycle high.

“Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.1 percent above the revised July rate of 666,000 and is 18.0 percent above the August 2018 estimate of 604,000. “
emphasis added

%d bloggers like this: