More on New Home Sales: The June print beats expectations by 16K, but May is revised lower by...

|By:, SA News Editor

More on New Home Sales: The June print beats expectations by 16K, but May is revised lower by 17K to 459K. June's 497K rate is 22% higher than a year ago. The supply of homes for sale falls to 3.9 months from 4.6 months in May, 5.8 months a year ago. Homebuilders ETF (XHB -0.7%). (full report)