New Home sales UP almost 26 percent!

 

Kitchen With Cherry Wood CabinetrySales of new single family houses were at 5.4 percent in July 2015 above the revised June rate of 481,000 and 25.8 percent above the July 2014 estimate of 403,000 single family homes.

The robust improvements in last week’s new housing starts numbers are especially encouraging for new home sales moving UP!

New home inventories increased in July to 218,000, the highest level since March 2010, and this trend will continue as the home building industry continues to expand.

Inventories of existing homes, however, have not improved significantly for several years compared with new constructions.

 

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