new home sales
  • Prior was 811K (revised to 839K)
  • Single family sales 801K
  • Supply at 6.1 months vs 5.6 months prior
  • Median price $423.3KL vs $373.2K a year ago
  • New home sales price +13.4% y/y

The market is struggling to balance the demand equation with rising rates. US home builders have been hit hard in the past couple months.