New Home Sales Slip Slightly In June

Sales of new single-family homes easily set a record for the May-June period, the Commerce Department reported.

Fueled by strong population and household growth, improving economic conditions, a favorable financing climate and the continued solid investment potential of new homes, sales of new single-family homes hit a seasonally adjusted annual rate of 1.326 million units in June. This rate was only marginally below the record 1.337-million unit pace set in May and stood 11.1 percent

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