New Home Sales decrease to 697,000 Annual Rate in June

Median New Home Price is Down 16.4% from the Peak

The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 697 thousand. The previous three months were revised down.

Sales of new single‐family houses in June 2023 were at a seasonally adjusted annual rate of 697,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of H…