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New Home Sales Increase Despite Rising Mortgage Rates

RICHMOND, CA - JUNE 26: Construction workers raise wood framing as they build homes in a new housing development June 26, 2006 in Richmond, California. A report issued by the U.S. Commerce Department stated that sales of new single-family homes were up 4.6 percent in May. The median price of homes sold in May slipped to $235,300, down 4.3 percent from April. (Photo by Justin Sullivan/Getty Images)
RICHMOND, CA - JUNE 26: Construction workers raise wood framing as they build homes in a new housing development June 26, 2006 in Richmond, California. A report issued by the U.S. Commerce Department stated that sales of new single-family homes were up 4.6 percent in May. The median price of homes sold in May slipped to $235,300, down 4.3 percent from April. (Photo by Justin Sullivan/Getty Images)
New Home Sales Increase Despite Rising Mortgage Rates
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Editorial #:
71300566
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Getty Images News
Date created:
June 26, 2006
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Getty Images North America
Object name:
71295391JS008_New_Home_Sale