Economy
US new home sales fall 0.6% in June, lowest in 7 months
Average sales price at $487,200 last month
Ovunc Kutlu |
24.07.2024 - Update : 24.07.2024
ISTANBUL
New home sales in the US fell 0.6% in June from the previous month, according to a report Wednesday by the Census Bureau and the Department of Housing and Urban Development.
Sales of new single‐family homes were at a seasonally adjusted annual rate of 617,000 -- the lowest since November.
New home sales, which show the number of new single-family homes sold, were estimated to come in at 639,000 last month.
The figure for May was revised up to 621,000 from 619,000 for a monthly decline of 14.9%.
Annually, new home sales in June were 7.4% below the same month in 2023 when the figure stood at 666,000.
The median sale price of new homes sold was $417,300 in June and the average sales price was $487,200.
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