New home sales unexpectedly fell in June as buyers grappled with record high prices.
Sales of new single-family homes last month fell 6.6% to a seasonally adjusted annual rate of 676,000, according to the U.S. Census Bureau and Department of Housing and Urban Development. The rate was 19.4% below the June 2020 estimate of 839,000.
Analysts surveyed by Refinitiv were expecting an increase to 800,000. Last month’s reading was revised lower by 45,000 to 724,000.
New home sales, which account for about 10% of the housing market, have fallen every month in 2021.
New home sales unexpectedly fall in June
- by: Jonathan Garber
- 07-26-2021
- Source:
Fox Business
- 07/26/2021
It's real by Jessica Merz is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
It's real by Jessica Merz is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
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