RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

New-Home Sales Leveled Off in July

Home Industry News
By RISMedia Staff
August 25, 2021
Reading Time: 1 min read
New-Home Sales Leveled Off in July

New-home sales for single-family properties increased 1% in July to a 708,000 seasonally adjusted annual rate, according to the latest Commerce Department monthly report.

The data reflects an expected upward revision from June’s estimate. In addition to adjusting for seasonal impact, the July reading of 708,000 units is the number of homes that would sell if this pace continued for the next 12 months.

Market breakdown:

New-Home Sales: 708,000
For-Sale Inventory: 367,000
Months’ Supply:  6.2 months
Median Price: $390,500

What the industry is saying:

“New-home sales have leveled off this summer after a period of rising costs and strong demand.” — National Association of Home Builders Chairman Chuck Fowke

“While new-home sales are up 6.9% on a year-to-date basis, they are down 27% in July compared to the same time last year. Builders will need to watch local home prices relative to incomes, given recent gains in building materials and other construction costs.” — National Association of Home Builders Chief Economist Robert Dietz

Tags: ConstructionHousing MarketIndustry NewsNational Association of Home BuildersNew Home SalesReal Estatereal estate news
ShareTweetShare

RISMedia Staff

Related Posts

Empowering Female Business Owners on Their Path to Aligned Ambition
Agents

Empowering Female Business Owners on Their Path to Aligned Ambition

June 19, 2025
Maximizing the Power of Your MLS
Best Practices

Maximizing the Power of Your MLS

June 19, 2025
HomeServices
Agents

HomeServices of America Names Jimmy Burgess Chief Coaching Officer

June 19, 2025
GSEs
Industry News

National Housing Conference Outlines Goals of GSE Privatization

June 19, 2025
mortgage
Industry News

Mortgage Rates Move Lower

June 19, 2025
Weichert
Agents

Weichert’s 25th Charity Outing Tees Off This August

June 19, 2025
Please login to join discussion
Tip of the Day

Why a Dirty Car Could Cost You the Deal

Think a dirty car doesn’t matter? Think again. Learn just how much first impressions can make or break a deal. See how.

Business Tip of the Day provided by

Recent Posts

  • Empowering Female Business Owners on Their Path to Aligned Ambition
  • Maximizing the Power of Your MLS
  • HomeServices of America Names Jimmy Burgess Chief Coaching Officer

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X