New Home Sales Drop In July — Just Like Existing Home Sales

August 26, 2010 by John Abry · Leave a Comment 

Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months.

New Homes Sales Gain in June, But Gains Are Relative

July 27, 2010 by John Abry · Leave a Comment 

June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest.