Thursday, July 24, 2014

New Home Sales: June 2014

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for June showing a notable decline with sales declining 8.1% from May falling 11.5% below the level seen in June 2013 remaining near an historically low level with 406K SAAR units.

The monthly supply increased to 5.8 months while the median selling price increased 5.27% and the average selling price increased 8.27% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

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