Sales of U.S. New Homes Fell in June After Record May Revision

Fewer new U.S. homes were sold in June than forecast and May data showed the biggest downward revision on record, painting a picture of a housing market that is struggling to gain traction. Sales of newly built homes declined 8.1 percent to a 406,000 annualized pace, the fewest since March and le…

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Sales of U.S. New Homes Fell in June After Record May Revision