United States New Home Sales (MoM) came in at 0.48M, below expectations (0.55M) in June

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Jul 24, 2015

United States New Home Sales Change (MoM): -6.8% (June) vs previous 2.2%

US new home sales tumble 6.8% to 7-month low in June

The purchases of new home in the US unexpectedly declined in June, accompanied by downward revisions of prior readings. The drop comes during the industry’s busiest time of the year.