Thursday, August 4, 2022

[REPOST WITH LINK] New Home Sales Plunged In June As Pulte Admits Order Cancellations Are Soaring

FROM: July 26, 2022 at 11:33AM

Amid a plunge in homebuilder confidence, record low affordability, tumbling single-family starts and permits, and multi-decade lows in mortgage applications, it is no surprise that analysts expected a 5.9% MoM plunge in new home sales in June (especially after the surprise 10.