New Home Sales Down July 2017 – One Month Not Trend

Video interview by FOX Business News on the current state of the housing market as U.S. new home sales plunge 9.4% in July 2017 to a seven month low…

Key takeaways from Brandywine Global senior research analyst Sorin Roibu

  • Overall supply of available homes thin
  • Prices of most area homes going up
  • New home inventory at multi-decade lows
  • Sales activity lower than expected
  • Housing affordability remains attractive
  • Difficult for first time home buyers to purchase

“WE DON’T THINK ONE MONTH MAKES A TREND, WE STILL HAVE A POSITIVE OUTLOOK ON THE HOUSING MARKET.”

Brandywine Global, as an independent affiliate of Legg Mason, offers the advantages of an investment boutique backed by the resources and infrastructure of one of the world’s leading asset managers.