Sales of new U.S. single-family homes fell in June, according to data released on Wednesday.
The Commerce Department said new home sales decreased 5.3% to a seasonally adjusted annual rate of 631,000 units last month.
May’s number of units was revised down to 666,000 from an initial 689,000.
Economists had forecast new home sales falling 2.8% to a pace of 669,000 units last month.
New home sales, which are drawn from permits, are volatile from month to month.
