The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February.
(AP Photo/Keith Srakocic)WASHINGTON Sales of new homes rose a sharp 13,8% in June, the second straight increase after two months when sales plunged as the country went into lockdown because of the coronavirus.
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000.
A separate report Wednesday showed sales of previously owned homes surged 20.7% in June to a seasonally adjusted annual rate of 4.72 million.
Even with the gain, which followed three months of declines, new home sales remain toughly 20% below pre-pandemic levels.