Urethane Blog
New Home Sales Surge in July
August 25, 2020
US New Home Sales Surge In July, Highest Annual Spike Since 1996
by Tyler Durden Tue, 08/25/2020 – 10:07
After June’s continued resurgence in US home sales, July is expected to see a significant slowdown in that recovery, with new home sales expected to rise 1.8% MoM. Instead, new home sales soared a stunning 13.9% MoM. This means new home sales in the US rose 36.3% YoY – the most since 1996…
Source: Bloomberg
Driven by and 81.4% increase in Midwest New home sales, highest since Jan 1992
New Home Sales SAAR is 901k (against expectations of 790k), the most since Jan 2007…
Source: Bloomberg
Median new home price rose 7.2% y/y to $330,600; average selling price at $391,300
https://www.zerohedge.com/markets/us-new-home-sales-surge-july-highest-annual-spike-1996
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