by Calculated Risk on 7/25/2008 10:00:00 AM

Note: the graphs will be posted this weekend when I return home from the real estate conference.

From the Census Bureau: New Residential Sales in June 2008

Sales of new one-family houses in June 2008 were at a seasonally adjusted annual rate of 530,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±11.3%)* below the revised May rate of 533,000 and is 33.2 percent (±8.8%) below the June 2007 estimate of 793,000.

Seasonally adjusted inventory declined to 426 thousand, and the months of supply is down slightly to 10 months.

I'll have much more this weekend. Note that sales for last month were revised up from 512,000 to 533,000. This is not a horrible report for sales and inventory.

I miss my graph tools! Best to all.