New Home Sales Up 12.6 Percent Since Last Year
Sales of new single-family homes in August 2013 are up 12.6 percent in comparison to August 2012, the Commerce Department reported on Wednesday.
Sales were at a seasonally adjusted annual rate of 421,000, up from a July 2013 rate of 390,000. The August 2012 estimate was 374,000.
New home inventory is also up: the seasonally adjusted estimate at the end of August was 175,000, the highest since March 2011, according to the Wall Street Journal’s Nick Timiraos.
The news comes a day after Case-Shiller’s July report, which found that home prices rose 12.4 percent between July 2012 and July 2013.
This article originally published at https://dc.urbanturf.com/articles/blog/new_home_sales_up_12.6_percent_since_last_year/7606.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Airbnb's push to build condos; the Virginia town that Gen-X loves; and Ohtani's Hawai... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro