New home sales plunge in June

Econ & Housing, The Daily Buzz

istock.com/SondraP WASHINGTON — New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised…

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