by Calculated Risk on 7/24/2024 10:41:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease to 617,000 Annual Rate in June

Brief excerpt:

The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 617 thousand. The previous three months were revised up sharply, combined.
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The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in June 2024 were down 7.4% from June 2023.

This is the 2nd consecutive year-over-year decline following 13 consecutive months with a year-over-year increase.

There is much more in the article.