Read full post at forexlive.com
Details:
Sales of New Single-Family Houses:
Sales Price:
Inventory and Months’ Supply:
The new home supply is up to 9.3 months unchanged from May but still very high. Existing home sales supply is much lower.The number is on sign contracts in June when interest rates stayed above 7% or all of the month. The rate is now back down at 6.83%. So there may be some bounce back.
Nevertheless despite the decline affordability is tough and with the worries of a slowing economy, it could be a problem for housing.
This article was written by Greg Michalowski at www.forexlive.com.
Leave a Reply