Having rebounded a downwardly revised 3.9 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.3 percent in June to an annual pace of 631,000 sales, which is 2.5 percent below the long-term average for this time of the year but remains 2.4 percent higher versus 2017.

At the same time, the number of new single-family homes for sale across the county inched up from 296,000 to 301,000, which is a nine-year high.

And having dropped 8.7 percent in May, the annual pace of new single-family home sales in the West dropped another 5.2 percent in June to 147,000 transactions and is now running 15.0 percent below its pace at the same time last year.

Recent Articles

Comments from “Plugged-In” Readers

Add a Comment

Your email address will not be published. Required fields are marked *