Housing Market Indicators Monthly Update: August, 2021

Market Report provided by HUD

Purchases of new homes showed modest gains. New single-family home sales increased 1.0 percent to 708,000 units (SAAR) in July from an upwardly revised pace of 701,000 units in June but were 27.2 percent lower than one year ago. Sales rose in all Census regions except the Northeast, where they remained level. Average sales for the first half of the year, at 818,000 (SAAR), were slightly lower than the annual pace for 2020 (822,000). New home sales are based on the signing of a purchase agreement rather than a closing, as is the case with existing homes. Note that monthly data on new home sales tend to be volatile. (Sources: HUD and Census Bureau)