Sales of new homes slipped 8 percent in June.
As reported by the Census Bureau, 369,000 new homes were sold last month on a seasonally-adjusted, annualized basis.
The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones.
Sales of new homes ticked lower in March, unexpectedly.
Home builders continue to sell homes and work through inventory.
According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.