New Home Sales Jump to 901,000 SAAR

The Commerce Department's New Residential Sales Report shows sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901,000.

Surge Led By the Midwest

The Midwest region led the way with and amazing 58.8% jump.  Year over-year, the Midwest is up 81.4%. 

By Region Month-Over Month Sales in Thousands SAAR

  • US: 901
  • Northeast: 40
  • Midwest: 127
  • South: 513
  • West: 221

By Region Month-Over Month Percentages


  • US: +13.9%
  • Northeast: -23.1%
  • Midwest: +58.8%
  • South: +13.0%
  • West: +7.8%

By Region Year-Over Year Percentages

  • US: +36.3%
  • Northeast: +25.0%
  • Midwest: +81.4%
  • South: +27.6%
  • West: +40.8%

Unadjusted Numbers

On an unadjusted basis there were 78,000 newly homes sold during July vs 75,000 in June. In July 2019 there were 55,000 new homes sold.

Those 75,000 new home sales were reported as 901,000.

Seasonal Adjustments went haywire but amazingly cheap money from the Fed sure helped, assuming you have a job.


New Home Sales Surge Most in 28 Years on Percentage Basis

New home sales for September blew out top end expectations and then some, rising 18.9 percent, the largest percentage gain in 28 years.

New Home Sales Dive 8.9% in October, Down 12.0% From Year Ago

Upward revisions in Aug and Sep were not enough to offset a plunge in new home sales below any economist's forecast.

New Home Sales Top Estimates, Hit Four-Month High, Huge Surge in the West

New home sales rebounded strongly in March and revisions took February higher.

New Home Sales Surge, Prices Down, Revisions Negative

New home sales beat economists expectations. But the surge was entirely in the South.

New Home Sales Sink 1.7% to 627,000 Units: Builder Spec Homes Most Since 2009

New home sales in July were 627,000 units SAAR. Economists expected a rebound in new home sales to 649,000 from 631,000.