Thank you for reading this post. This blog is published by our YouTube Channel, BRO. If you are looking for reliable, no B.S. ways to supplement your retirement income each month, check out the channel's course on Udemy. Remote Jobs for Retirees and Expats.Â
Gross sales of latest single-family houses dropped 8.2 p.c yr over yr to a seasonally adjusted annual price of 652,000, which nonetheless beat analysts’ expectations of a price of about 630,000 items.
Gross sales of newly constructed single-family houses continued to slip in July 2025 as builders confronted a market of patrons who are usually not responding favorably to larger mortgage charges and residential costs.
TAKE THE INMAN INTEL SURVEY FOR AUGUST
Gross sales of latest single-family houses declined 8.2 p.c yr over yr and dropped 0.6 p.c month over month to a seasonally adjusted annual price of 652,000, in line with information launched on Monday by the U.S. Census Bureau and the Division of Housing and City Improvement.
Economists polled by Reuters anticipated that new single-family house gross sales would improve to a price of 630,000 items.
By the top of July 2025, the seasonally adjusted estimate of latest houses on the market was 499,000, down 0.6 p.c from the earlier month’s estimate and seven.3 p.c above the July 2024 estimate of 465,000. The gross sales tempo for June was additionally upgraded, from the reported tempo final month of 627,000 as much as 656,000.
On the present gross sales price, 499,000 houses on the market represents a 9.2-month provide, which is the same as stock ranges from June 2025. That stock estimate is up 16.5 p.c yr over yr from July 2024’s estimate of seven.9 months.
In the meantime, the median gross sales worth ticked down 0.8 p.c from the month earlier than to $403,800. That worth can also be 5.9 p.c beneath the July 2024 median gross sales worth of $429,000.
The common gross sales worth of latest houses bought throughout July 2025 was $487,300, 3.6 p.c beneath the June 2025 common gross sales worth and 5 p.c beneath the July 2024 common gross sales worth.
“There’s a glut of houses on the market — each new houses and present houses — and patrons aren’t at these costs and mortgage charges,” Heather Lengthy, chief economist at Navy Federal Credit score Union mentioned in an announcement emailed to Inman. “Homebuilders try to maneuver stock by providing worth cuts and incentives, but it surely’s not sufficient to lure most patrons but. It’s telling that the median worth of a brand new house is now barely beneath the median worth of present houses on the market, an indication of how a lot homebuilders try to entice patrons.”
