New Home Sales (Aug.)

An improvement in inventory helped new home sales rise for the second consecutive month in August. Admittedly, overall housing demand has eased in recent months and a rise in mortgage rates argues against a rebound this year. But a lack of inventory in the existing home market will push buyers to the new home market and help sales rise to around 800,000 annualised by the end of this year.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.