With new home sales data out for July, we're currently running 127,000 home sales (non-seasonally adjusted) above the July 2013 rate keeping us on track for the best year in home sales since 2007.
Existing-home sales increased 2% from the previous month to a seasonally adjusted annual rate of 5.59 million in July. Meanwhile, new home sales increased 5.4% last month to a seasonally adjusted annual rate of 507,000 units.
Currently existing home sales are up 3%, and new home sales are up 18% compared to 2013 through July on a non-seasonally adjusted basis.
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