New-Home Sales up 23.6% in June

New-home sales rise 23.6% in June after a woeful May.
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Sales of new single-family houses in June 2010 rose 23.6% to a seasonally adjusted annual rate of 330,000, according toestimates from the government.

The number bested May's showing of 267,000, but was 16.7% below the June 2009 estimate of 396,000, according toestimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This article was written by a staff member of TheStreet.