Industry NewsMarkets & Economy

Worst June on record for new-home sales

But monthly sales rate rises 24%
Published on Jul 26, 2010

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Sales of new, single-family houses were the lowest on record for the month of June, according to figures in a report by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales hit a seasonally adjusted annual rate of 330,000, the lowest rate for a June since the census bureau began keeping such records in January 1963. The previous June low was in 1982, when the seasonally adjusted sales rate was 372,000.