{"id":1475,"date":"2025-08-30T11:03:23","date_gmt":"2025-08-30T11:03:23","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/new-home-market-remains-stuck-in-neutral\/"},"modified":"2025-08-30T11:03:23","modified_gmt":"2025-08-30T11:03:23","slug":"new-home-market-remains-stuck-in-neutral","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/new-home-market-remains-stuck-in-neutral\/","title":{"rendered":"New Home Market Remains Stuck in Neutral"},"content":{"rendered":"\n<div>\n<p>The latest New Home Sales report showed little change in July, with sales holding very close to June\u2019s pace. The seasonally-adjusted annual sales rate came in at 652,000.<\/p>\n<p>This marks a -0.6% dip from June\u2019s revised 656,000, and leaves sales -8.2% lower than July 2024\u2019s 710,000 level.<\/p>\n<p>For all practical purposes, the pace of sales continues to run sideways, reflecting the same stable range seen over the past 2+ years despite periodic swings.<\/p>\n<p><\/p>\n<hr\/>\n<p><strong>Regional Breakdown (Sales, July 2025)<\/strong><\/p>\n<ul>&#13;<\/p>\n<li><strong>South:<\/strong> -3.5% MoM<\/li>\n<p>&#13;<\/p>\n<li><strong>Midwest:<\/strong> -6.6% MoM<\/li>\n<p>&#13;<\/p>\n<li><strong>Northeast:<\/strong> unchanged MoM<\/li>\n<p>&#13;<\/p>\n<li><strong>West:<\/strong> +11.7% MoM<\/li>\n<p>&#13;\n<\/ul>\n<hr\/>\n<p><strong>Market Inventory &amp; Pricing<\/strong><\/p>\n<ul>&#13;<\/p>\n<li>Homes for sale: 499,000 units (-0.6% from June; +7.3% YoY)<\/li>\n<p>&#13;<\/p>\n<li>Months\u2019 supply: 9.2 months (flat MoM; +16.5% YoY)<\/li>\n<p>&#13;<\/p>\n<li>Median sales price: $403,800 (-0.8% MoM; -5.9% YoY)<\/li>\n<p>&#13;<\/p>\n<li>Average sales price: $487,300 (-3.6% MoM; -5.0% YoY)<\/li>\n<p>&#13;\n<\/ul>\n<hr\/>\n<p><strong>Big Picture Takeaway<\/strong><\/p>\n<p>July\u2019s new home sales data reinforces the recent pattern: demand is steady at best, but not accelerating. Inventory remains elevated, keeping months\u2019 supply near multi-year highs. While prices have softened meaningfully versus last year (reflecting lower square footage more than actual price declines), elevated housing costs continue to limit the benefit to buyers.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The latest New Home Sales report showed little change in July, with sales holding very close to June\u2019s pace. The seasonally-adjusted annual sales rate came in at 652,000. This marks a -0.6% dip from June\u2019s revised 656,000, and leaves sales -8.2% lower than July 2024\u2019s 710,000 level. For all practical purposes, the pace of sales [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[259,326,1317,875,836],"class_list":["post-1475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-home","tag-market","tag-neutral","tag-remains","tag-stuck"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1475"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1476"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}