New Home Sales Unexpectedly Rise 1.6% in June

According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May’s upwardly revised rate of 618,000 but a 5.6% drop from the previous year. The latest reading was higher than the forecast of 609,000. Key Takeaways New home sales rose [...] The post New Home Sales Unexpectedly Rise 1.6% in June appeared first on ETF Trends .