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International Business Times

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AFP News

US New Home Sales Dip In June, Missing Estimates

United States Interest Rates Oxford Economics US Federal Reserve

New home sales dipped in June, a sign of the lingering effects of elevated US interest rates (Credit: AFP)

The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated interest rates, according to government data released Wednesday.

New home sales in June came in at an annual, seasonally-adjusted rate of 617,000, according to data released jointly by the US census and housing departments.

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