Global Economic News

U.S. New Home Sales Pull Back Off 15-Month High In June

A report released by the Commerce Department on Wednesday showed a notable pullback in new home sales in the U.S. in the month of June.

The Commerce Department said new home sales slumped by 2.5 percent to an annual rate of 697,000 in June after surging by 6.6 percent to a downwardly revised rate of 715,000 in May.

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by RTTNews Staff Writer

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