New Home Sales Surge Amid Discounts | Business and Finance News

New home sales in the U.S. surged in June for the first time in three months, jumping 1.6% to an annualized 628,000 units—despite stubbornly high mortgage rates. Builders are slashing prices and offering steep incentives to move inventory, pushing the median sales price down 2.7% to $398,000. Companies like D.R. Horton are even lowering future sales forecasts as they grapple with excess supply. While inventory dipped 3.2% year-over-year, it still takes about nine months to sell all existing homes, keeping prices under pressure. The South led the rebound, followed by the Northeast and Midwest, while the West saw a decline—making this a key snapshot of the housing market’s current pulse. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/894c31bd3b71ed15