JUNE NEW HOME SALES UP

CNN/MONEY: Sales of newly constructed single-family houses spiked 11% in June to an annualized rate of 384,000 homes. . . . However, sales are still 28% below the levels of a year ago, when new homes sold in June at an annualized rate of 530,000. Four years ago, during the height of the housing boom, the sales rate for June was 1,374,000, nearly three-and-a-half times higher than last month. . . . READ MORE