units sold: June Was An Anomaly? - 07/30/12 10:41 PM
 Looking back on the Commerce Department's report that June's new home sales fell by 8.4% to a seasonally adjusted 350,000 annual rate of homes sold, was not expected. Although many economists were surprised at the sudden drop in sales after promising growth in housing, most are unfazed.
May’s new home sales were just recently revised to show a gain of 15,000 units sold, showcasing a 15.1% increase in new home sales since last June.   Also, areas like Southern California and Chicago have experienced a rise in housing prices, as supply stagnated, which increased the number of bidders per house. 
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