US new home sales dip in June, missing estimates
The Peninsula
New York: The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated interest rates, accord...
New York: The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated interest rates, according to government data released Wednesday.
New home sales in June came in at an annual, seasonally-adjusted, revised rate of 617,000, according to data released jointly by the US census and housing departments.
That was below the 621,000 rate in May, according to Wednesday's revised figure, and under the 640,000 projected by analysts.
The figure refers to the number of homes sold over a whole year if sales continue at the rate seen in June.
The median price in June was $417,3000, up 2.5 percent from the prior reading.
