Core Insights - New home sales in August reached their highest level in over 3.5 years, indicating a strong recovery in the housing market [1] - The seasonally adjusted annual rate of new home sales was reported at 800,000 units last month, reflecting a significant increase [1] Industry Summary - The surge in new home sales suggests a positive trend in the real estate sector, potentially driven by favorable economic conditions and consumer confidence [1] - This increase may impact related industries, including construction, home improvement, and mortgage financing, as demand for new homes rises [1]

Yes, Carl. These are June new home sales. Expecting a nice round number around 650,000 seasonally adjusted annualized units.Comes in on the light side, no surprise, 627,000. Uh but it is from a 623,000. So it is up just a smidge somewhere around a half a percent.But here's the deal. Last month 623,000 was the lowest in seven months going to October of last year. This is barely above that.It still comps to that. The previous month was a much more robust 722,000. So, we have back-to-back weak months.And we kn ...