US June New Home Sales Disappoint, Down 6.6% Since May (Median Price For NHS Drops 5%)

by confoundedinterest17

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.