New home sales drop in June

Sales of new single-family houses in June were at a seasonally adjusted annual rate of 617,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The June figure was 0.6% below the revised May rate of 621,000 and 7.4% below the June 2023 estimate of 666,000. The median sales price of new houses sold was $417,300.