New home sales fell for the third consecutive month in June to their lowest level since April 2020, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development.
USA New Home Sales for Jun 676.000 thousand vs 800.000 thousand consensus estimate. The prior reading was revised from an initial 769.000 thousand to 724.000 thousand.
The U.S. housing market is showing no signs of cooling down, with housing starts on the rise while home sales and prices continue to climb.
Housing Starts Don’t Stop: Single‐family housing starts in June totaled 1.16 million, according to figures released by the U.S. Census Bureau and Department of Housing and Urban Development.