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Statement from Under Secretary for Economic Affairs on July 2009 New Home Sales

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Portrait of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of the Census today released new home sales data for July 2009. Sales of new single-family houses rose 9.6 percent, a far stronger gain than the expected rise of 1.6 percent. Sales have risen 31.6 percent above their low in January of this year. “These new numbers are another sign that we have put the brakes on the worst economic downturn in generations,” U.S Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (July Residential Sales Release)

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