Sales of newly built, single-family homes fell 8.1 percent to a seasonally adjusted annual rate of 406,000 units in June.

The Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014, regaining the momentum built in 2013.

Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the Housing Market Index.

Green homes are quickly gaining ground in new construction and are projected to account for roughly a third of the market by 2016, according to the latest Smart Market Report.