Today, the
U.S. Census Department released its monthly
New Residential Home Sales Report for August showing sales jumped a notable 5.7% from July rising 21.6% above the level seen in August 2014 but still remaining near an historically low level with 552K SAAR units.
The monthly supply declined to 4.7 months while the median selling price increased 0.34% and the average selling price declined 0.79% from the year ago level.
The following chart show the extent of sales decline to date (click for full-larger version).
