New U.S. Home Sales Dip 12 Percent Annually in July
National Association of Home Builders | August 27, 2019
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family U.S. homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July 2019, off a strongly revised upward reading in June 2019. On a year-to-date basis, new home sales for 2019 are 4.1 percent higher than the same period in 2018.