New home sales in the United States decreased by 12.6% in July compared to the previous month. The sales dropped by 29.6% compared to July 2021, according to the report published by the United States Census Bureau on Tuesday. On a month-to-month basis, the biggest decrease was in the Midwest with a drop of 20.6%, whereas in the South the sales reduced by 12.1%. Sales of new single-family houses were at $511,00 at a seasonally adjusted rate. The median price of new houses in July stood at $439,000, while the average sales price was $546,800 for the sold houses. The seasonally-adjusted estimate for new houses at the end of the month was $464,000. NN: Look out below… Home prices do not me squat to this crop of happy home owners…. They are monthly payment buyers which is doubling and tripling….. Tens are in department C.