Newly Built Single-Family Increased by 13.8%
Positive economic news came from the National Association of Home Builders (NAHB). They showed data from the US Department of Housing and Urban Development and the US Census Bureau, revealing the housing market in great shape. It was announced that sales for newly built single-family increased by 13.8% in June, equating to 776,000 units for the month when the rate is seasonally adjusted. In comparison to June of 2019, the rate is 6.9% greater. NAHB believes that these numbers reflect that the housing market is leading the country's economic growth during the pandemic.