Sales of newly built, single-family homes in the U.S. dropped 6.8% in June from the month before to a seasonally adjusted annual rate of 482,000 units, according a Commerce Department report released Friday. The rate is the lowest in seven months, while May’s sales pace was revised down from a 2.2% gain to a 1.1% decline and to 517,000 units from the previously reported 546,000 units.
