New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked With homebuilder confidence plumbing new depths (and Housing Starts and Permits plunging), expectations were surprisingly for a small bounce back in new home sales in August (after collapsing in July). Analyst consensus was correct, with a 6.4% MoM jump (+1.3% MoM exp) with July’s 10.5% MoM plunged revised dramatically higher to just 4.3% MoM decline. August was the biggest surge in sales since February, but still left sales down 2.0% YoY… Total new home sales SAAR jumped to 864k – its highest level of 2026… Median new home… — Continue at ZeroHedge News : Read More
