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Economy

Economic Data (USA)

Tuesday, August 24, 2021

New Home Sales During July 2021

The  July 2021 New Home Sales report was released by the Commerce Department this morning:

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Predicted: 700,000
  • Actual New Home Sales: 708,000

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  • Change from One Month Previous: +7,000 units (+0.999%)

  • Change from One Year Previous: -264,000 units (-27.16%)


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Median Price for a New Home
during July 2021: $390,500

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Average Price for a New Home
during July 2021: $446,000

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Inventory: 367,000 (6.2 months supply at current sales rate; seasonally‐adjusted estimate.)

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CHART: New Home Sales - July 2021 Update

CHART: New Home Sales
July 2021 Update
 

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Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


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