A new report shows buyers are turning away from newly built homes sales unless they are priced cheap. New home sales were down 8.2% in July, compared to prior year, for the USA. They were also down from June 2025 to July 2025. But those priced under $300K sold fast! The supply of new homes has climbed. When combined with new homes the country total housing inventory was at its highest in years. The trend lowered the median selling price down to $403K. Affordable houses are in demand. Houses under $300K accounted for 17% of July sales.