Skip to: Content
Skip to: Site Navigation
Skip to: Search

Paper Economy

Census: Home sales drop slightly in August

Home sales dropped 0.3 percent since July 2012 but rising 27.7 percent above the level seen in August 2011, according to the US Census Bureau. 

By Guest blogger / September 27, 2012

The following chart shows the decline of new single family home sales since 2004. The inventory of new homes has now fallen to a new series low at 141K units, lowest level seen in in at least 47 years while the median number of months for sale increased to 8.3.



Yesterday, the U.S. Census Department released its monthly New Residential Home Sales Report for August showing a slight monthly decline with sales dropping 0.3% since July but rising 27.7% above the level seen in August 2011 and remaining at an historically low level of 373K SAAR units. 

Skip to next paragraph

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

It's important to recognize that the inventory of new homes has now fallen to a new series low at 141K units, lowest level seen in in at least 47 years while the median number of months for sale increased to 8.3. 

The monthly supply went flat at 4.5 months while the median selling price increased 16.99% and the average selling price increased 13.88% from the year ago level. 

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer


Doing Good


What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

Become a fan! Follow us! Google+ YouTube See our feeds!