US New Home Sales Disappoint In June As Prices Plunge
Following yesterday’s disappointing existing home sales print, this morning sees new home sales confirm the disappointment with a mere 0.6% MoM rise (well below the 4.3% MoM rebound expected after tumbling 11.6% MoM the month prior)…
Source: Bloomberg
That is the worst YoY decline in new home sales since Oct 2024, leaving the total SAAR at 627k – hovering near post-COVID lockdown lows and well below expectations…
Source: Bloomberg
The Median new home prices plunged in June (near 5 year lows), now well below that of existing homes…
Source: Bloomberg
This week, Atlanta-based PulteGroup relieved investors by posting better-than-expected earnings, despite reporting a slowdown in new home orders.
Sales incentives have grown to 8.7% of its houses’ gross sale price, more than double a “normal” incentive load, executives said on an earnings call.
“I long for the days of more normal incentive loads of kind of 3% to 3.5%,” Chief Executive Officer Ryan Marshall said on the earnings call.
“Hopefully as we get out into kind of future years, that will become possible again.”
Thursday’s government report showed the supply of new homes for sale in June increased to 511,000, still the highest level since 2007.
Source: Bloomberg
And for those hoping for rate-cuts to fix all this, think again…
Source: Bloomberg
Rate cuts have steepened the yield curve and pushed mortgage rates up; but as the chart above shows, the relationship between home sales and actual mortgage rates has decoupled in recent weeks…
So be careful what you wish for.
Tyler Durden Thu, 07/24/2025 – 10:10
Source: https://freedombunker.com/2025/07/24/us-new-home-sales-disappoint-in-june-as-prices-plunge/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,712,217,454 |
| Stories: | 8,459,864 |
Whistler Blowers, Insiders
