The seasonally adjusted annual pace of new single-family home sales in the U.S. fell to 295,000 in August, down 2.3 percent from a revised rate of 302,000 in July but up 6.1 percent versus the 278,000 pace recorded in August 2010.
Preliminary U.S. new home sales (versus pace) in August were estimated to be 26,000 (give or take 8 percent), two thousand lower than in July and the second slowest August on record. August sales peaked in 2005 with 110,000 new homes sold.
In the West, the pace of new home sales was down 10.6 percent year-over-year to 66,000, down 6.3 percent versus the month before.
∙ New Residential Sales: June 2011 [census.gov]
∙ New Residential Sales Since 1963 [census.gov]
∙ U.S. New Home Sales: Up 6.8% Year-Over-Year In July [SocketSite]