US June new home sales 631K vs 668K expected

June US new home sales data

• Eight-month low

• Prior was 689K (revised to 666K)

• Sales -5.1% vs -3.1% m/m expected

• Supply at 5.7 months vs 5.3 prior

• Median sale price -4.2% from June 2017

• Sales +2.4% y/y

• Single family home sales 5.3%

Another weak housing number. Builders aren't happy about tariffs on lumber.