New-home sales fall 5.3 pct in June … a warning light?

Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 631,000 last month, less than May's revised figure of 666,000. The decline follows ...

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New-home sales fall 5.3 pct in June … a warning light?

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