Boosted by bargain-basement mortgage rates, sales of new homes jumped 4.7
percent to a record 1.16 million units in June, the Commerce Department said
Friday. The increase in new home sales was widespread, as every region in the
country posted gains in the month. It also beat expectations. Economists
surveyed by CBS MarketWatch predicted new home sales to hit 1.08 million
units in June. Sales in May were revised downward to 1.11 million units from
an initial estimate of 1.16 milli...