US new home sales for June 0.617M vs 0.640M estimate ...Middle East

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US new home sales for June 0.617M vs 0.640M estimate
Prior month 0.619M annualized (lowest level since December 2023. The high level came in at 0.693M annualized pace) revised to 0.621MNew-home sales 0.617M which is lower than the estimate of 0.640MDetails:Sales of New Single-Family Houses:June 2024: Seasonally adjusted annual rate of 617,0000.6% below the revised May rate of 621,0007.4% below the June 2023 estimate of 666,000Sales Price:Median sales price: $417,300 flat YoY. Average sales price: $487,200Inventory and Months' Supply:Seasonally-adjusted estimate of new houses for sale at the end of June: 476,000Represents a supply of 9.3 months at the current sales rateThe new home supply is up to 9.3 months unchanged from May but still very h

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