New Home Sales Up 9.6%
August 26, 2009 by admin
Filed under Positive Real Estate
The U.S. Department of Commerce reported Wednesday that sales of new homes rose 9.6 percent in July, to a seasonally adjusted annual rate of 433,000. That’s above the revised June rate of 395,000, but 13.4 percent below July 2008’s rate of 500,000.
Home sales in the South rose 16.2 percent in July over June. Only the Northeast fared better, with home sales up 32.4 percent in the same month-over-month period.
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