National new home sales for August, 2016; big jump compared to 8/15

Sales of new single-family houses in August 2016 were 609,000 at a seasonally adjusted annual rate (SAAR), down 7.6 percent from July’s revised rate but up 20.6 percent from August 2015.

Sales in the combined counties of Wake, Durham, Orange and Johnston were up 16% compared to 8/15 and up 3% compared to 7/16.

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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