WASHINGTON -- Sales of new U.S. single-family homes rose in June, according to the U.S. Department of Commerce, as the housing sector continued to display resilience in a slumping economy.
New home sales climbed to a seasonally adjusted annual rate of 922,000 units in the past month, a 1.7% increase from the revised May rate of 907,000. The June sales rate beat analysts' expectations of 921,000.