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July new home sales -1.7% to 627k SAAR, the.>

US DATA
US DATA: July new home sales -1.7% to 627k SAAR, below the 649k rate 
exp. June sales were revised up to 638k while May sales were revised 
down to 654k. July sales, at a 627k rate, stand below the 642k average 
for Q2. 
-Sales were down in the Northeast (-52.3%) and South (-3.3%) and up in 
the Midwest (+9.9%) and West (+10.9%). 
-The supply of new homes for sale +2.0% to 309k (highest since March 
2009), up 12.0% y/y. As a result of the decrease in sales, the months 
supply on market rose to 5.9 months from 5.7 months in June and 6.0 
months a year ago, showing that the supply remains adequate to meet demand. 
-The median new home sales price +6.0% to $328,700, +1.8% year over year.

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