Sales of newly constructed single-family homes rose 11 percent over May, but median price fell 3 percent.
(CNNMoney.com) — Sales of newly constructed single-family houses spiked 11 percent in June to an annualized rate of 384,000 homes.
The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000, according to Breifing.com.
