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The Week Ahead: Two Looks at Housing Trends

This week will see the release of several recurring housing market reports. On Tuesday, the The U.S. Census Bureau and the U.S. Department of Housing and Urban Development will release their latest New Residential Sales report. The report will cover data from July 2020. The previous report found that "sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000." This was 13.8% (±17.8%)* above the revised May rate of 682,000 and is 6.9% above the June 2019 estimate of 726,000. The median sales price of new houses sold in June was $329,200, with an average sales price of $384,700.

Here's what else is happening in The Week Ahead.

  • Tuesday - FHFA Home Price Index - Quarterly Index
  • Tuesday - MReport Webinar Series: The Future of eClosings
  • Tuesday - U.S. Census Bureau, New Residential Sales report
  • Thursday - July Pending Home Sales Index

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 17 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@thefivestar.com.

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