New home sales rose by a solid 7.0% m/m in June, making up some of the ground they lost over April and May. A healthy new home inventory will continue to support sales, but the dip in mortgage applications for home purchase last week highlights that housing demand is just treading water. That will prevent a stronger acceleration in sales from developing over the next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services