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Statement from Commerce Under Secretary Rebecca Blank on New Residential Sales in June 2010

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FOR IMMEDIATE RELEASE

Monday, July 26, 2010

CONTACT OFFICE OF PUBLIC AFFAIRS

202-482-4883

 Statement from Commerce Under Secretary Rebecca Blank on New Residential Sales in June 2010

The Commerce Department’s U.S. Bureau of the Census today released new home sales data for June 2010.  Sales of new single-family houses jumped 23.6 percent in June to 330,000 units, well above private-sector expectations of a 3.7-percent increase. 
 
"This is welcome news, although month-to-month housing data are volatile," said Commerce Department Under Secretary for Economic Affairs Rebecca Blank.  "But one key ingredient for a healthy housing market is job growth, and the President remains tightly focused on ensuring that the labor market continues to recover."