New Home Sales in America Jump in July
According to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in July 2024 rose 10.6% to a 739,000 seasonally adjusted annual rate from significant upward revisions in June 2024.
The pace of new home sales in July is up 5.6% from a year earlier. After the notably higher revisions for the May and June data, new home sales from January through July of 2024 are up 2.6% in 2024 compared to the same period in 2023.