Aug new home sales fell (likely to trend down w/ permit and construction data) and it's no wonder why:
Median sale price $430,300
Average sale price $514,000 - you need about twice median household income to keep mortgage payments to 25% of take-home pay; unsustainable... pic.twitter.com/RjtxwEh3Ho

— E.J. Antoni, Ph.D. (@RealEJAntoni) September 26, 2023