With illegals being deported, homes being put back on the market, and jobs increasing in the private sector the economy is slowly but surely being realigned to the way its supposed to be.
You can 100% thank Donald J. Trump for that.
BREAKING: The average sales price for a new single-family home fell -$47,700 MoM in August, or -9.1%, to $478,700, the largest monthly drop on record.
This is the lowest level since August 2024 and the 2nd-lowest level since September 2021.
The decline was driven by a shift toward lower-priced homes, as builders cut prices and offered incentives to clear inventory.
This comes as sales of homes under $300,000 rose to 22% of total sales last month from 19%, while sales of homes priced at $1 million+ fell to 4% from 6%.
As a result, total new home sales jumped +6.4% MoM, to 684,000, their highest since December 2025.
Meanwhile, median sales price fell -$24,200 YoY, or -5.8%, to $393,700, the 2nd-lowest reading since July 2021.
US home prices are falling to keep sales alive.