US new home sales fall 0.6% in June, lowest in 7 months

By Ovunc Kutlu

ISTANBUL (AA) - New home sales in the US fell 0.6% in June from the previous month, according to a report Wednesday by the Census Bureau and the Department of Housing and Urban Development.

Sales of new single‐family homes were at a seasonally adjusted annual rate of 617,000 -- the lowest since November.

New home sales, which show the number of new single-family homes sold, were estimated to come in at 639,000 last month.

The figure for May was revised up to 621,000 from 619,000 for a monthly decline of 14.9%.

Annually, new home sales in June were 7.4% below the same month in 2023 when the figure stood at 666,000.

The median sale price of new homes sold was $417,300 in June and the average sales price was $487,200.