Sales of New Homes Soar

0

Sales of new homes soared to an all-time high in June as the red-hot housing market kept sizzling.


The Commerce Department reported that new single-family homes were sold at an annual rate of 1.37 million units last month. That was up 4 percent from the previous record of a 1.32 million sales pace set in May. And the median price of a new home fell for a second month, dropping by 5.5 percent in June to $214,800.


*

Read the full Associated Press story

.

No posts to display