New House Gross sales Lower to 716,000 Annual Fee in August; Median New House Value is Down 9% from the Peak

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by Calculated Danger on 9/25/2024 11:02:00 AM

At this time, within the Calculated Danger Actual Property E-newsletter: New House Gross sales Lower to 716,000 Annual Fee in August

Temporary excerpt:

The Census Bureau reported New House Gross sales in August had been at a seasonally adjusted annual fee (SAAR) of 716 thousand. The earlier three months had been revised up.

The subsequent graph reveals new dwelling gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Fee). Gross sales in August 2024 had been up 9.8% from August 2023.

New dwelling gross sales, seasonally adjusted, have elevated year-over-year in 16 of the final 17 months.

There may be way more within the article.

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