"defies credulity"
"inexplicable"
"a significant surge"
"may be subject to downward revision."
Government figures showed new-home sales rose to an annualized 800,000 in August, up from July's revised 664,000 and well above forecasts of 650,000. The 20.5% increase surprised analysts given higher mortgage rates, stretched affordability, and cooling labor-market signals. Some economists called the spike implausible, questioning whether the headline rise reflects true demand or will be revised. The National Association of Home Builders described the result as a significant surge while cautioning it may be revised down, and noted builders have cut prices and offered incentives. Structural headwinds including tighter credit and limited eligible buyers still weigh on the market.
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