New Home Sales Drop 7% in MayNew Home Sales Drop 7% in MayNew Home Sales Drop 7% in May 

According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 580,000 in May. This represents a 7.3% decline from April’s rate of 626,000 and an 6.8% drop from the previous year. The latest reading was lower than the forecast of 638,000. Key Takeaways New home sales fell to a […]
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