Mortgage - Free Calculators

New Home Sales Register Improvement Over June

Sales of new homes improved slightly in July with a seasonally adjusted annual sales pace of 870,000, up 2.8 percent above the revised June sales figures. The June number had been particularly dismal at an annualized 834,000 units, well below the 895,000 units analysts had been expecting. The final figure for June, while still well below the expected number, was 846,000, 12,000 above what had been initially reported.