Indicating that housing demand continues to be exceptionally strong, sales of new single-family homes rose half a percent to a seasonally adjusted annual rate of just over one million units in June from a revised 996,000-unit pace in May, the Commerce Department reported.
“June of 2002 is now the best month on record for sales of new single-family homes,” said Gary Garczynski, a builder/developer from Woodbridge, Va., and president of the National Association of Home Builders (NAHB).
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