Sales of new U.S. homes rose by 23.6% in June, above forecasts
| Date: August 2, 2010 | Source: Europa Press |
| Category: Economy | |
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Loading ... Sales of new U.S. homes rebounded in June after the downward trend recorded in May, the Commerce Department said the country. The growth in sales of new homes increased by 23.6% in June from May, up 330,000 homes, compared to 316,000 estimated by economists surveyed by Market Watch . New home sales had fallen in May by 36.7% to a record high of 267,000 in comparison to the expected drop of 32.7% to 300,000. The average selling prices, meanwhile, fell 9.8% from May and 11.6% from June last year, to stand at $ 242,900.
