Sales of new single-family homes in the Northeast in June were down 60 percent to a seasonally adjusted rate of 16,000, according to the U.S. Commerce Department. May’s revised annual rate was 40,000.
Nationally, new home sales were at a seasonally adjusted rate of 350,000 for June. This is 8.4 percent below the revised May rate of 382,000 and is 15.1 percent above the June 2011 total of 304,000.
To read the entire U.S. Commerce Department press release, click here