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

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

Right now, within the Calculated Threat Actual Property E-newsletter: New Dwelling Gross sales Lower to 716,000 Annual Fee in August

Temporary excerpt:

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

The subsequent graph exhibits new dwelling gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Fee). Gross sales in August 2024 have 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.

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