New home sales shocked, but are these numbers legit?
Briefly

New home sales shocked, but are these numbers legit?
"Sales of new single-family houses in August 2025 were at a seasonally-adjusted annual rate of 800,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20.5 percent (21.8 percent)* above the July 2025 rate of 664,000, and is 15.4 percent (25.1 percent)* above the August 2024 rate of 693,000."
"The seasonally-adjusted estimate of new houses for sale at the end of August 2025 was 490,000. This is 1.4 percent (1.3 percent) below the July 2025 estimate of 497,000, and is 4.0 percent (5.2 percent)* above the August 2024 estimate of 471,000. This represents a supply of 7.4 months at the current sales rate. The months' supply is 17.8 percent (16.2 percent) below the July 2025 estimate of 9.0 months, and is 9.8 percent (17.2 percent)* below the August 2024 estimate of 8.2 months."
New single-family home sales reached a seasonally-adjusted annual rate of 800,000 in August 2025, up 20.5% from July 2025 and up 15.4% from August 2024. The increase exceeded expectations and aligns with purchase application trends reported by the Mortgage Bankers Association. Census data revisions commonly follow extreme monthly deviations, so future adjustments are possible. Interest rates remained below 6.64% for eight weeks, supporting demand. Inventory at the end of August totaled 490,000 units, representing a 7.4-month supply, down from 9.0 months in July, while completed units for sale remain over 120,000.
Read at www.housingwire.com
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