
Core Report | July 25, 2025
New home sales increased slightly in June although at a slower rate than expected. June new home sales came in at a 627,000 unit annual rate, up 0.6% from May but down 6.6% from the 671,000 unit rate in June 2024.
New home sales increased slightly in June although at a slower rate than expected. June new home sales came in at a 627,000 unit annual rate, up 0.6% from May but down 6.6% from the 671,000 unit rate in June 2024.
A key leading indicator for the non-residential construction spending increased sharply in June. The June Dodge Momentum Index came in at 225.1, up nearly 7% from May and up over 12% from last June.
A key leading indicator for the non-residential construction spending increased sharply in June. The June Dodge Momentum Index came in at 225.1, up nearly 7% from May and up over 12% from last June.
The strong surge in buying during the March/April time frame to get ahead of any potential tariff price increases helped to pull demand forward and negatively impact sales in June.