Newly built, single-family home sales decreased 6.8 percent to a seasonally adjusted annual rate of 482,000 units in June, compared with a record-setting rate of 546,000 in May, according to the National Association of Home Builders.
"Despite this month's drop, we continue to hear from our builders that there is solid traffic in sales offices and a lot of consumer interest in new homes, which should bode well for sales moving forward," said Tom Woods, chairman of the National Association of Home Builders, in a statement.
Regionally, home sales increased by 28 percent in the Northeast. The Midwest, South and West saw declines of 11.1 percent, 4.1 percent and 17 percent, respectively.
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