New home sales increased 1% in July compared with June but were down 27% compared with July 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Sales of new single‐family homes were at a seasonally adjusted annual rate of 708,000, up from 701,000 the previous month but down from 972,000 a year ago.
Regionally, and on a year-to-date basis, new home sales were up 7.5%
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