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Article: Sales of New Homes Increase 6.1 Percent in June
- Article from:
- THE JOURNAL RECORD
- Article date:
- August 3, 1995
CopyrightCopyright 1995 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON (AP) _ Sales of new homes rose 6.1 percent in June
to the highest level in a year and a half.
Helped by falling mortgage rates, sales increased in every
region of the country, the Commerce Department said Wednesday.
The figures are the latest sign the economy bottomed out in
the spring and has begun a modest recovery.
The Commerce Department said sales of new single-family homes
totaled 728,000 at a seasonally adjusted annual rate in June,
largest since a 823,000 rate in December 1993.
In May, new home sales shot up 12.5 percent, totaling a
revised 686,000.