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A residential home under construction stands in Oakland, California, U.S., on Tuesday, June 23, 2020. Purchases of single-family houses climbed 16.6%, the second-largest monthly advance since 1992, to a 676,000 annualized pace, government data showed Tuesday. Photographer: David Paul Morris

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A residential home under construction stands in Oakland, California, U.S., on Tuesday, June 23, 2020. Purchases of single-family houses climbed 16.6%, the second-largest monthly advance since 1992, to a 676,000 annualized pace, government data showed Tuesday. Photographer: David Paul Morris