US June new home sales 590K vs 660K expected

  • US June 2022 new home sales data
US new home sales July 26
  • Prior was 696K (revised to 642K)
  • Sales change -8.1% vs +10.7% prior
  • Single family -8.1% vs +6.3 prior
  • Prices +7.4% y/y

These numbers are from June when mortgage rates surged. They highlight some of the commentary from home builders, which showed falling interest in buying new homes along with cancellations.

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