Midwest Region Of U.S. Has Greatest Increase In Home Sales In August From Year Ago

By Dennis Norman, on September 26th, 2016

New home sales in the midwest region of the U.S. during August 2016, increased 39.7 percent to a seasonally-adjusted, annual rate, of 81,000 new homes from a rate of 58,000 homes a year ago.

Nationally, new home sales during August were at a seasonally-adjusted, annual rate, of 609,000 homes, an increase of 20.6 percent from a year ago.  The midwest region saw the greatest gains in new home sales during the period with the west region coming in second with a 35% increase from a year ago, then the south region with a 15.0% increase.  The northeast region saw a 25.8% decrease in new home sales from a year ago.

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