US New Home Sales Disappoint In June As Prices Plunge Following yesterday’s disappointing existing home sales print, this morning sees new home sales confirm the disappointment with a mere 0.6% MoM rise (well below the 4.3% MoM rebound expected after tumbling 11.6% MoM the month prior)… Source: Bloomberg That is the worst YoY decline in new home sales since Oct 2024, leaving the total SAAR at 627k – hovering near post-COVID lockdown lows and well below expectations… Source: Bloomberg The Median new home prices plunged in June (near 5 year lows), now well below that of existing homes… Source: Bloomberg… — Continue at ZeroHedge News : Read More
