Slight decline in new home sales in August

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The Census Bureau reported that new home sales in August were at a seasonally adjusted annual rate (SAAR) of 295,000.

September 27, 2011
new home sales, housing starts, 2011 housing market

new home sales, housing starts, 2011 housing market

The Census Bureau reported that new home sales in August were at a seasonally adjusted annual rate (SAAR) of 295,000, according to the housing blog Calculated Risk. This was down from a revised 302,000 in July (revised up from 298,000).

Months of supply increased slightly to 6.6 in August. The all-time record was 12.1 months of supply in January 2009. This is still higher than normal (less than 6 months’ supply is normal).

Go to the Calculated Risk post about this.



 

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