New Home Sales Strongest in 13 Years

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07/29/2020

New Home Sales Strongest in 13 Years

Marketwatch Published: July 24, 2020 at 10:57 a.m. ET By Greg Robb

Sales of new single-family homes rose sharply for the second straight month in June, pushing the sales rate to its highest level in 13 years, according to data released Friday.

The annual sales pace for U.S. new-home sales rose 13.8% last month to 776,000, the Commerce Department said Friday. That’s above the prior cycle high of 774,000 hit in January and is the strongest since July 2007, according to the Mortgage Bankers Association...click here to read more.

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