The 8.4% m/m fall in new home sales in June was further evidence that the recovery in housing demand has lost a little momentum. But with supply conditions in the market for new homes still tight, today’s release does not materially change the outlook for homebuilder activity, which should continue improving.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services