US home sales down 5.3% in June

US home sales down 5.3% in June

Mubasher: New home sales in the United States declined in June, as shown by the data of the US Department of Commerce on Wednesday.

Home sales went down by 5.3% last month, reaching a seasonally adjusted annual rate of 631,000 units, exceeding experts’ expectations of a 2.8% fall.

Meanwhile, the number of units sold in May was revised down to 666,000 from an 689,000.

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Source: Mubasher