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News Link • Housing

New Home Sales Miss As Mortgage Rate Collapse Fails To Bring Buyers Back

• by Tyler Durdan

New Home Sales were 646k SAAR in June - missing expectations of 658k. However this 7.0% MoM jump was bigger than expected thanks to the 8.2% revised plunge in May.

May new-home sales were revised down to 604,000 from 626,000; March and April purchases were also revised lower.

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