Sales of new single-family homes in the Northeast in July were up 76.5 percent to a seasonally adjusted rate of 30,000, according to the U.S. Commerce Department. June’s revised annual rate was 17,000.
Nationally, new home sales were at a seasonally adjusted rate of 372,000 for July. This is 3.6 percent above the revised June rate of 359,000 and is 25.3 percent above the July 2011 total of 297,000.
To read the entire U.S. Commerce Department press release, click here