US new home sales rise in June on lower prices

24/07/2025 Argaam

New home sales in the US rose in June, but less than expected, amid lower prices and higher supply.

 

Data released on Thursday by the US Census Bureau showed that sales of new family homes rose 0.60% month-on-month to 627,000 in June, compared to expectations of an increase of 649,000.

 

However, sales remained 6.6% below the same level a year earlier, according to the data.

 

The Census Bureau estimated the number of new homes for sale at the end of June at 511,000 units, up 1.2% MoM and 8.5% YoY.

 

The median price of homes sold in June amounted to $501,000, down 2% from the May average but 1.1% higher than the same month in 2024.

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