With new home sales data out for June, we're currently running 86,000 home sales (non-seasonally adjusted) above the June 2013 rate keeping us on track for the best year in home sales since 2007.
Existing-home sales increased 3.2% from the previous month to a seasonally adjusted annual rate of 5.49 million in June. However, new home sales fell 6.8% last month to a seasonally adjusted annual rate of 482,000 units.
Currently existing home sales are up 2%, and new home sales are up 16% compared to 2013 through June on a non-seasonally adjusted basis.
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