June new residential sales jumped 25% from 2015, says Census Bureau/HUD

Mortgage rates have been at rock-bottom for longer than anyone expected -- but are consumers taking advantage of the economic boon to buy a home? Specifically, a new home? The latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) indicate that new home sales sales are quite a bit stronger than last year, at least. Today's New Residential Sales report, recapping data from June 2016, shows that sales of new single-family homes were at a seasonally adjusted annual rate of 592, ...