US new sales July 0.652M versus 0.630M estimate


  • Prior month 0.656M
  • new-home sales 0.652 million versus 0.630 million estimate.
  • New-home sales -0.6% month on month versus a gain of 4.1% last month.
  • The prior month was revised higher to 0.656 million from 0.627 million previously reported.
  • New-home sales down -8.2% year on year
  • Mortgage rates at the time were above 6.75%. So it was not represented in these numbers
  • median price
  • Supply 9.2 months down from 9.8 months

This article was written by Greg Michalowski at investinglive.com.



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