New home sales are still up 9.2 percent year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber.
Source: Inman News
New home sales fall to 1-year low
Published in Department of Housing and Urban Development, keller williams, Markets & Economy, Matthew Speakman, new home sales, News Brief, predictive analytics, Ruben Gonzalez, U.S. Census Bureau and Zillow
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