From the article:
In the San Francisco, CA market in July, new home closings increased year-over-year, and the percentage lift was higher than June 2012, implying the market may be improving. There was a 42.5% climb in new home closings from a year earlier. This came after a 24.2% jump year-over-year in June. A total of 2,983 new homes were sold during the 12 months that ended in July, up from 2,890 for the year that ended in June. As a percentage of overall housing closings, new home closings accounted for 6.1%. This is an increase on a percentage basis, as new home closings were 4.2% of total closings a year ago. Closings of new and existing homes fell year-over-year in July after also falling in June year-over-year.
