AI Data Insight
In the early third quarter of 2026 (July), the monthly growth rate of US new home sales contracted sharply by 10.5%, not only far below the previous period's 1.6% increase but also missing market expectations. The sales volume fell to an annualized 607,000 units, a half-year low, and new home inventory climbed to 9.6 months. This indicates that even with builders offering price cuts and promotions, high mortgage rates continue to deter buyers, and the housing market will face severe destocking challenges in the short term.