- Prior was 661K (revised to 664K)
- Gross sales down 0.3% vs +1.5% prior
- Provide at months 8.4 vs 8.3 months prior
- Median sale worth $400.5K vs $420.7K final month ($433K a 12 months in the past)
That is softer than builder commentary has steered however they’re largely referring to the pipeline and that can bear fruit in the summertime. What’s clear from the newest knowledge is that builders are cutting down sq. footage to make houses extra reasonably priced in a interval of upper rates of interest.
This text was written by Adam Button at www.forexlive.com.
