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CNNmoney

New home sales: 'Really good news'

Sales of newly constructed single family homes rose 11% over May, but median price fell 3%.

By Les Christie, CNNMoney.com staff writer
Last Updated: July 27, 2009: 11:50 AM ET

NEW YORK (CNNMoney.com) -- Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.

The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000, according to Breifing.com.

Read the Full Article ...

Posted on Monday, July 27, 2009 at 12:04 PM |

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