Newly constructed residential properties sold last month at an annual rate that was better than both one month earlier and one year earlier. The West led.
New single-family home sales numbered 55,000 during June, a minor decline of 2,000 units compared to the downwardly revised level for the preceding month.
Still, new residential home sales moved up by five thousand units versus the downwardly revised level for the same month during the preceding year.
Source: Mortgage Daily