U.S. New Home Sales Edge Down as Prices Reach New Highs - News Summed Up

U.S. New Home Sales Edge Down as Prices Reach New Highs


By Ed FranklSales of new single-family homes in the U.S. fell slightly in June, as house prices hit record highs. --Monthly new home sales data are volatile and often revised. --The estimate of new houses for sale was 476,000 representing a supply of 9.3 months at the current sales rate. --The downtick in the number of sales of new homes came after existing-home sales fell 5.4% and prices reached a new high, according to data published Tuesday. Write to Ed Frankl at edward.frankl@wsj.com(END) Dow Jones NewswiresJuly 24, 2024 10:26 ET (14:26 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.


Source: Wall Street Journal July 24, 2024 14:34 UTC



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