Tuesday, July 26, 2016

June new home sales rise to highest level in nearly 8.5 years

New U.S. single-family home sales rose more than expected in June, reaching their highest level in nearly 8.5 years.  Sales were up 3.5 percent from May and 25.4 percent year-on-year to a seasonally adjusted annual rate of 592,000.  With this increase, new home sales in the second quarter are well above their average for the first three months of the year.

No comments: