The largest increase in eight years for new home sales could give a boost to the trucking industry, particularly flatbed and dry van carriers. According to numbers released by the Commerce Department, new home sales jumped 11 percent in June, growing to an annual rate of 384,000 units. About 15 percent of residential real estate sales are new home sales.

Jump In New Home Sales May Boost Trucking Industry

New home sales increased 11% in June, the largest increase in eight years, the Commerce Department said Monday.

Sales grew to an annual rate of 384,000 units, from a revised 346,000 in May, Commerce said.

Economists had forecast the rate to rise to 352,000 units, Bloomberg reported.

Rising home sales can mean more business for flatbed trucking companies that haul building materials and dry van freight carriers that haul household appliances and furniture.

New home sales account for about 15% of residential real estate sales.

[source - ttnews.com]