Housing Supply Jumps to Six-Month High

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) have released its new residential sales statistics for August 2023, finding that sales of new single‐family houses in August were at a seasonally adjusted annual rate of 675,000—8.7% below the revised July rate of 739,000, but 5.8% above the August 2022…