U.S. New Home Sales Dip in July

U.S. sales of new single-family homes in July were at a seasonally adjusted annual rate of 652,000, decreasing 0.6% from June and off 8.2% from the comparable month in 2024.

The seasonally adjusted estimate of new homes for sale in July was 499,000, indicating a 9.2-month supply at the existing sales rate. This represents a decline of 0.6% in the number of months from June but an increase of 7.3% over July 2024. See U.S. Census Bureau

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