July’s National Sales of Newly Constructed Homes Jump by More Than 10 Percent

A house on the market in Phoenix, Arizona. Courtesy of the Arizona Multiple Listing Service

Sales of new single-family houses throughout the United States increased by 10.6 percent in July, according to the latest report by the U.S. Census Bureau and the Department of Housing and Urban Development.

These newly constructed homes were at a seasonally adjusted annual rate of 739,000, exceeding the July 2023 estimate of 700,000. The seasonally adjusted estimate of new houses for sale at the end of July was 462,000, representing a supply of 7.5 months.