![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlRvdkUqXftvTm8e5Zmbe8vxcN9eUxdjboNJimuf1BttpbPvsjwEY9sP-4fmzYhuofiqdYLJi5tiQb1_S8jWjIGy5MkRM5cy6FPEk2qJKPCg7mLYWBwojVSoTpZ9ucKlGgJkSAJEsKg84/s640/New+Home+Sales+Up+12.7%2525+From+Last+Year.jpg)
According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).
The report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer weather to be able to finish projects.
Below is a table showing the change in starts, completions, and sales from last August.
![](https://files.keepingcurrentmatters.com/wp-content/uploads/2018/10/09133021/20181010-KCM-ENG1.jpeg)
Other notable news from the report is that the percentage of new construction sales in the $200-$299k range has continued to break away from the $300-$399k range.
This shows that builders are starting to build lower-priced homes that will help alleviate some of the inventory challenges in the starter and trade-up home categories. The chart below shows the full breakdown.
![](https://files.keepingcurrentmatters.com/wp-content/uploads/2018/10/09133103/20181010-KCM-ENG2.jpeg)
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