Happy buyers, happy builders: June new-home sales up 15.1% from 2011
- Home buyers justified the recent spate of new-home starts, pushing the number of sales for June up 15.1% from where it was in 2011.
- Good as that is, however, the adjusted annual sales pace last month fell to 350,000, which put it 8.4% lower than what was going on in May.
- The West had the biggest pop -- 36.% -- followed by the Midwest at 19.6% and then the South at 6.5%. The Northeast was even.
From the article:
New-home sales in June were 15.1% above where they were last June, according to the newest data released by the Census Bureau and Department of Housing and Urban Development (HUD)....