US new home sales rose 0.6% MoM but fell -6.3% YoY to a SAAR of 627k (vs 650k expected) in June 2025, recovering modestly after May’s sharp drop.

• Sales dropped -27.6% YoY in the Northeast but rose 6.3% in the South; the West and Midwest declined -8.4% and -9.6%, respectively.
• Months’ supply increased to 9.8x, up 1.0% MoM and 16.7% YoY, indicating continued inventory build relative to demand.
• The median sales price was down -4.9% MoM and -2.9% YoY to $401,800.
• Only 14% of homes sold were priced under $300,000, the lowest so far this year.