US July new home sales 714K vs 705K expected

<ul><li><a href="https://www.forexlive.com/news/us-june-new-home-sales-697k-vs-725k-expected-20230726/" target="_blank" rel="follow">Prior </a>was 697K</li><li>Single family sales +4.4% vs -2.8% prior</li><li>Median sale price $ 436.7K vs $478.2K a year ago (-8.7%) </li><li>Supply months 7.3 vs 7.4 months prior</li></ul><p>This is a solid report but the a couple things are growing more clear. 1) Home builders are cutting the size of homes and removing perks to get the sales price down to what people can afford. 2) The latest bump in mortgage rates will be a problem in August.</p>

This article was written by Adam Button at www.forexlive.com.