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US new home sales slightly rise in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/07/2017 (13:51)
According to data released by the US Commerce Department, new U.S. single-family home sales rose for two consecutive months in June.

New home sales slightly increased by 0.8% on a monthly basis to 610,000 units in June after a revised 605,000 in May; however, they fell behind the economists’ estimationsof 620,000. On a yearly basis, the new home sales also increased by 9% in June.

The rise in home sales in the sixth month of the year was mainly driven by an increase in home sales in Mid-West and the West, where sales posted a rise of 10% and 12.5%, respectively.
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