Markets & Economy

New-home sales down from May but still up from 2014

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Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save $100 with code Readers. Takeaways: New single-family home sales in June hit a seasonally adjusted annual rate of 482,000. This figure represents a 6.8 percent decline compared to May’s rate of 517,000. There were 215,000 homes for sale entering July, with inventory rising to 5.4 months of supply -- the highest level this year. New single-family home sales in June hit a seasonally adjusted annual rate of 482,000. According to estimates from U.S. Census Bureau and the Department of Housing and Urban Development, this figure represents a 6.8 percent decline compared to May’s rate of 517,000. June’s rate, however, is 18.1 percent above estimates from 12 months ago. Regionally, the West and South -- markets with ...