Thursday, July 26, 2007

UPDDATE 1-U.S. new home sales fell 6.6 percent in June

(Reuters) - WASHINGTON, July 26 - Sales of new U.S. homes
fell 6.6 percent in June to a lower-than-expected level and
prices slumped from May, according to a government report on
Thursday that pointed to ongoing weakness in the housing
sector.




New single-family home sales fell to an annual rate of
834,000 from a revised rate of 893,000 in May, the Commerce
Department said.


Read more at Reuters.com Economic News

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