Pace of U.S. New-Home Sales Suggests Steady Housing Strength

The U.S. housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast. Highlights of New Home Sales (June) • Single-family home sales increased 0.8% m/m to 610k annualized pace (est. 615k) • Median s...

Pace of U.S. New-Home Sales Suggests Steady Housing Strength