New home sales continued to slip in June, falling 6.6% from May to a pace of only 676,000, according to a recent study from the U.S. Census.

It’s the third straight month of decreases and the first annual decline since the start of the COVID-19 pandemic.

June’s pace is also 19.4% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. The average sales details ⇒

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