August U.S. New Home Sales Grow Year-over-Year

U.S. sales of new single-family homes in August were at a seasonally adjusted annual rate of 716,000, decreasing 4.7% from July but 9.8% higher than the comparable month in 2023.

The seasonally adjusted estimate of new homes for sale through August was 467,000, indicating a 7.8-month supply at the existing sales rate. See U.S. Census Bureau

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