New Home Sales In Midwest Up This Year Over 14 Percent From Same Time Last Year

The sale of new homes in the Midwest region of the U.S. is on the rise according to a report just released by the Census Bureau.  In July, new homes in the Midwest sold at a seasonally adjusted annual rate of 78,000 homes, an increase of 9.9% from June and an 18.2% increase from July 2017 when the rates were 66,000 homes.  Year-to-date this year, though the end of July, there have been 50,000 actual new homes sold in the Midwest region, an increase of 14.2% from the same time last year when there had been 44,000 new homes sold year-to-date.

On a national level, new home sales are not performing as well as the Midwest region, but are still performing well.  In July, new homes were sold at a seasonally adjusted annual rate of 627,000 homes, a decrease of 1.7% from the month before and an increase of 12.8% from July 2017. Year-to-date, through the end of July, there have been 401,000 new homes sold nationwide, an increase of 7.2% from the same time last year when there were 374,000 new homes sold year-to-date.

  

 

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