New Homes Sales Continue to Fall, Down 2.5% in May
June 25, 2008 – 4:16 amAfter five months of declines in the pace of new home sales, April's uptick appears to have been temporary as new home sales in the U.S. continued to fall back 2.5% down in May, declining to 512k, in line with expectations from economists.
This follows an upwardly revised reading of 525k in April.
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