The expectation was for a 796k print for May, but new home sales checked in at 676k instead. That represents a decline of 6.6% from May to June.
And the median price of new home sales fell 5% from May to June.
At least the US is adding to its woefully low housing inventory.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
3 views