August New Home Sales: Following Starts Bouncing Along the Bottom

Today’s release of August new home sales reflected the same depressed housing market visible in the starts data last week. Newly constructed homes were sold at a seasonally adjusted annual rate of 295 thousand. This isn’t a record low, but adds to the pattern of bouncing along the bottom we’ve seen since the expiration of the homebuyer tax credit. Meanwhile the inventory of new homes for sale dipped to a new record low of 162 thousand units.

 



0 replies

Trackbacks

  1. August New Home Sales: Following Starts Bouncing Along the Bottom | Wood on Fire – Topics of Lumber Industry
  2. Professional Twitter Account Management

Leave a Reply

Your email address will not be published. Required fields are marked *