Vince Golle and Maeve Sheehey

Government, Business, Logistics

New-Home Sales in June Surge to Highest in Almost 13 Years

A "Sold" sign is displayed outside a home under construction in Illinois. A "Sold" sign is displayed outside a home under construction in Illinois. (Daniel Acker/Bloomberg News)

New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.

July 24, 2020