New Home sales collapse. New numbers out. The Real Estate market is turning

Selling Real Estate
New Home sales collapse. New numbers out. The Real Estate market is turning.
After existing-home sales printed a very modest rebound from lowered numbers, analysts expect new home sales to rebound from 12-month lows in June (even as homebuilder confidence sinks to an 11-month low), but boy oh boy were they wrong.

Against expectations of a 3.7% MoM jump, new home sales plunged 6.6% MoM in June (and worse still May was revised lower from -5.9% to -7.8%)

https://www.zerohedge.com/personal-finance/new-home-sales-crash-june-lowest-april-2020

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