NEW HOME SALES FALL: Americans bought fewer new homes in June after sales jumped to a two-year high in May. Sales fell 8.4 percent last month to a seasonally adjusted annual rate of 350,000.

UNEVEN RECOVERY: The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven.

Recommended Stories

At 82, Marilyn Burns is still defining the American small business dream

Veteran-founded bourbon brand wins $25,000 Fox Business contest: ‘Sip to remember’

PETA sues DC Metro system over refusal to run advertisements

UPWARD TREND REMAINS: Nationwide, sales in May and April were revised much higher. And June’s sales pace is 15.1 percent higher than the same month last year, suggesting the recovery is still in place. But sales remain well below the 700,000 annual rate that economists equate with healthy markets.