Sales of new single-family homes in the U.S. dropped by 8.1 percentage points in June according to Census Bureau’s data, plunging hopes that the housing market might avoid an imminent slowdown on the same day as new statistics reveal July’s consumer confidence also fell more than expected.
New home sales had seen a modest increase in May after a slump in April, when purchases of new single-family homes dropped by 16.6 percent month-on-month to reach their lowest level since April 2020, in the midst of the COVID-19 pandemic. The same record is now held by June’s rates.
Read more at Newsweek.com
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