June New Home Sales: Builder Slow Down Meets Declining Sales

Source: Zillow — 

• There were 590,000 new home sales nationwide in June (SAAR), down 8.1% from May and down 17.4% from June 2021, according to the U.S. Census Bureau.
• The median sales price of new houses sold in June was $402,400.
• The seasonally-adjusted estimate of new houses for sale at the end of June was 457,000, a supply of 9.3 months at the current sales rate.

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