new “home” sales up
[from Dismal.com]
New Home Sales (C25) for United States: 870,000
Some stabilizing is evident in the housing market, with July home
sales coming in 2.8% above June for sales of 870,000 annualized
units. June data were revised upward. Months of supply moved down
slightly to 7.5, while the median sales price is up by 0.6% from one
year ago. Given current tightness in the mortgage market, however,
this improvement at best represents the beginning of a slow and
uneven recovery.