WASHINGTON–U.S. sales of newly constructed homes reached 433,000 units on a seasonally adjusted annual basis in July, 9.6 percent ahead of the June level.
July marked the fourth month in a row that new-home sales gained. Yet the total was still 13.4 percent less than the sales level for July 2008, according to the U.S. Department of Commerce, which reports these figures on a monthly basis.
Most of the pickup occurred in the Northeast region, whose sales jumped 32.4 percent last month. In South region, sales were up 16.2 percent.