New-home sales dropped in July after solid first-half run

 · New Home Sales: Solid August Follows Hot July By Robert Dietz on September 26, 2016 (). Sales of newly-built, single-family homes fell 7.6% on a monthly basis in August to a 609,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD.

US New home sales unexpectedly fall. The median sales price of new houses sold was USD 328,700 above USD 322,900 in the same month of the previous year. The average sales price jumped to USD 394,300 in July from USD 372,400 a year earlier.

 · Single-family home sales fell 9.4% m/m to 571k annualized pace (est. 610k), lowest in 2017, after 630k rate (revised from 610k). New Home Sales Fell Nearly 10% in July Subscribe

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The median existing-home price for all housing types in July was $269,600, up 4.5 percent from last July’s median of $258,100. It was the 77th straight month of year-over-year gains.

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The ISM’s non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July, the Tempe, Arizona-based group reported. The figure was lower than the most pessimistic projection.

After rebounding in May, new home sales plummeted 5.3% in June but were up 2.4% compared with June 2017, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. The approximately 631,000 new home sales in June was down from about 666,000 in May but up from about 616,000 in June 2017.

The Commerce Department said Wednesday that new-home sales fell to a seasonally adjusted annual rate of 571,000 in July, down from 630,000 in June. Last month’s figure was the weakest since December. Still, sales in the first seven months of the year are 9.2 percent higher than in the same period last year.

June saw a 5% fall in sales of new homes according to latest data from the US Department of Housing & Urban Development and the US Census Bureau, though numbers are still up on last year. Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 631,000 units after a downwardly revised May report.

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