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New home sales hit an 8-month high at a 684,000 annual rate
August sales were 6.4% above July, but mortgage rates of 7.37% and tighter builder margins raise risk for momentum.
HousingWire reports that August new single-family home sales rose to a seasonally adjusted annual rate of 684,000, based on estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
The outlet said the August figure was 6.4% higher than July, which was 643,000, while still coming in 2.0% below August 2025’s 698,000 level.
HousingWire added that builders have been using margins to lower effective borrowing costs, supporting demand despite mortgage rates at 7.37%.
It cautioned that the key risk for the next few months is whether that margin support can last, given expectations that higher mortgage rates may pressure builder margins and confidence.