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Tom Cofer

GDP and New Residential Sales

Real gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of 2010, following an increase of 3.7% in the first quarter of 2010.

Sales of new single-family houses were at a seasonally adjusted annual rate of 330,000 in June, the second lowest on record after the revised 267,000 rate in May. June sales were 23.6 percent above the May rate, but 16.7 percent below their level a year ago.

 

Data obtained from the Economics and Statistics Administration

Published Sunday, August 01, 2010 1:30 PM by Tom Cofer

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