U.S. new home sales fall in June; trend remains firmer

U.S. new home sales fall in June; trend remains firmer

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Sales of new U.S. single-family homes fell in June, but the trend remains strong as an acute shortage of previously owned homes underpins demand. New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales…

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