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US new home sales fall to record lows – is the housing boom over?

mpamag.com
 2021-07-27

Cover picture for the articleSales of newly-built single-family homes fell to a pandemic low in June, indicating that the COVID-induced homebuying frenzy is calming down. Estimates from the Census Bureau revealed that new home sales declined to a seasonally adjusted annual rate of 676,000 in June. The figure is 6.6% below the revised May rate of 724,000 and is 19.4% below the June 2020 estimate of 839,000.

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