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

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.