Nearly 627,000 new homes sold last month, in annualized pace, a slight increase over one month (+0.6%) but also in sharp decline (-6.6%), and under the consensus which was tabbed on 645,000 sales.
Sales of new houses in the United States have once again been lower than expectations in June, despite a slight increase compared to the previous month. The high rates and the price of housing continue to always weigh on the market.
Nearly 627,000 new dwellings were sold in June, in annualized rate -an estimate of the total number of sales over one year according to the pace observed over this month -, a slight increase over one month (+0.6%) but still in sharp drop over one year (-6.6%), according to data published Thursday by the Commerce Department. It is once again below the expectations of analysts, who expected a more marked takeover with 645,000 selves expected, in annualized rhythm, according to the consensus published by Marketwatch.
A pace that remains low while the stock of new accommodation available remains high and continues to increase, both in a month (+1.2%) and over one year (+8.5%), with currently 9.8 months of inventory available at the current sale rate. The good news for potential buyers is, however, that prices mark the step, to establish itself at a median price of 401,800 dollars, or 4.9% less than in May and 2.9% less than in June 204.
The average sale price is $ 501,000, again in decline over a month, but slightly higher than a year earlier. The American real estate market remains largely dependent on a difficult context, with real estate loans that remain expensive.
Loans at 30 years, which are the most popular in the United States, still remain at an average rate of 6.75%, according to data updated to July 17 of the Refinance Agency Freddie Mac. They have been maintained for ten months in a range between 6.50% and 7%, after a temporary drop last September and never went under 6% since September 2022.
They should probably not relax immediately, the federal reserve (Fed), which is likely to keep its rates unchanged at its next meeting, scheduled for Tuesday and Wednesday.
