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

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July New Home Sales: The West Sinks New Home Sales In July New home sales fell to an annual rate of 571,000 units in July from June’s revised sales rate of 630,000 units. Months supply of inventory stands at 5.8 months; the median new home sale price rose by 6.3 percent on a year-over-year basis.

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Sales of new single-family houses fell in July for the first time in three months, plunging 9.4% from June and falling 8.9% below the July 2016. New home sales down sharply in July

Rapid Reaction: July New Home Sales By Aaron Terrazas on Aug. 23, 2017 July new home sales fell 9.4 percent from June and 8.9 percent from a year ago, to 571,000 (SAAR), according to the Census Bureau – the lowest level since December 2016.

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Housing sales rebounded 3.8 percent, reaching a record level 29,456 homes sold through an MLS after a sluggish first half of the year. New-home sales reported by Metrostudy, which are typically sold directly to the purchaser, posted strong gains in the second quarter, supporting the solid outlook.

 · It’s normal for home sales volume to rise in the first half of the year and fall after June, generally speaking. Chart 2. Chart update 02/02/19. chart 2 shows average home sales as experienced from 2011-2018. As depicted, the most homes are regularly sold each year in June.

Since a lull in July, sales of new homes have. The median forecast of 76 economists surveyed by Bloomberg called for 470,000 new-home sales at an annual rate. Estimates ranged from 440,000 to.

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Bookings for non-military capital equipment excluding aircraft increased 1.5 percent after a 3.3 percent drop in July, the Commerce Department. “We have seen very solid order growth in the first.