US new-home sales
- Prior month 0.665M revised from 0.693M
- new-home sales 0.634M vs 0.679M estimate. Weakest since November 2023
- new-home sales -4.7% versus +5.4% last month
- Supply of new homes 9.1 months versus 8.3 months prior month
- median sales price +3.9% to $433,500 down from $439,500
- average sale price is up to $505,700 down from $527,400
- The fixed rate mortgage is at 7.09% currently
