amid-weakness
U.S. new home sales drop from eight-year high
June 23, 2016 by admin · Leave a Comment
New U.S. single-family home sales fell in May from a more than eight-year high amid weakness in three regions, but the overall housing market remains intact. The Commerce Department said on Thursday new home sales dropped 6.0 percent to a seasonally adjusted annual rate of 551,000 units. Economists polled by Reuters had forecast new home sales, which account for about 9.1 percent
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U.S. new home sales drop from eight-year high