Sales of new single-family homes rose 23.6 percent in June to 330,000 from a downwardly revised May rate of 267,000, the U.S. Commerce Department reported this morning. But the sales rate was 16.7 percent below the June 2009 estimate of 396,000.

The median sale price of a new home fell 0.6 percent in June to $213,400 from a year ago, when the median price was $214,700. An estimated 210,000 new homes were available for sale at the end of June, which represents a 7.6-month supply at the current sales pace.

Mon, Jul 26, 2010