US New Home Sales Rise To 708K Units SAAR In July (+1% From June) While Median Price Soars To $390K

The good news! US new home sales rose 1% in July to 708k units SAAR.

The bad news? The median price of new home sales is $390k.

More bad news for the midwest and northeast. New home sales dropped. Most of the growth in new home sales occurred in The West.

Hot, hot, hot! But not in the northeast and midwest. There it is not, not, not.

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