WASHINGTON -- Sales of new single-family homes in June plummeted to the lowest level in two years as rising interest rates held back buyers in all regions of the United States, the government said yesterday.

The Commerce Department reported home sales slumped 14.1% to a seasonally adjusted annual rate of 591,000, well below analysts' expectations. In addition, the department issued revised figures for the preceding three months showing sales were much weaker than previously reported.

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