Source: By Augusta Saraiva / July 26, 2023
US new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices are restraining momentum in the market.Purchases of new single-family homes fell 2.5% to an annualized 697,000 pace after a downward revision to the prior month, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 725,000 rate.
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