(The Center Square) — Sales of new single-family houses dropped more than 10% from June to July, as the average price of a new home grew by roughly 4%, a new U.S. Census Bureau report shows.
New home sales last month were at a seasonally adjusted annual rate of 607,000 units, compared to 678,000 new single-family units that sold in June, even though supply grew by nearly 2%.
The report, however, cov…
