New home sales have experienced a significant decline, with a 79% drop to 153 units. This substantial decrease may not necessarily indicate a fall in demand.

Further information on this development is available from Stacked Homes. The source provides more details on the situation, offering insight into the potential reasons behind the decline in sales.

Readers can refer to Stacked Homes for a more in-depth look at the new home sales data and what it might mean for the market.