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Wednesday, February 26, 2020

New home sales in the South up in August 2019 compared to last year

Real Estate

By Metric Media News Service | Nov 20, 2019

The estimated sales of new homes in the South for the month of August 2019 was 425,000, compared to 341,000 for the same month the previous year, according to figures released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

The Census surveys provide current national and regional data on sales of new single-family houses.

Included are current-month estimates and revisions for previous months, for new houses sold and for sale at the national level and by Census Region, and for average and median sales prices at the national level.

The results help provide an overview of the nation’s current economic activity, and are used by manufacturers, insurance companies, and financial institutions to help ascertain supply and demand.

Houses sold by region in August 2019 vs. August 2018
August 2019
August 2018
Percent Change
Northeast
36,000
32,000
12.5%
Midwest
63,000
69,000
-8.7%
South
425,000
341,000
24.6%
West
182,000
162,000
12.3%
Source: U.S. Census Bureau and the Department of Housing and Urban Development.

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