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New home sales hold steady at relatively tepid level - Floor Covering News
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New home sales hold steady at relatively tepid level - Floor Covering News
Washington, D.C.—Sales of newly built single-family homes edged 0.6% higher in June, rising to a seasonally adjusted annual rate of 627,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The past two months have been the slowest sales pace since October of last year, as mortgage rates averaged above 6.8% in June. “New home sales remained flat last month, highlighting persi…
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