(Bloomberg) -- Purchases of new homes in the U.S.
dropped in May, signaling demand is still faltering in the
second year of the housing slowdown.
Sales fell 1.6 percent to an annual pace of 915,000 last
month from a revised 930,000 rate the prior month that was lower
than previously estimated, the Commerce Department said today in
Washington. The supply of unsold homes at the current sales pace
rose.
Read more at Bloomberg Bonds News
dropped in May, signaling demand is still faltering in the
second year of the housing slowdown.
Sales fell 1.6 percent to an annual pace of 915,000 last
month from a revised 930,000 rate the prior month that was lower
than previously estimated, the Commerce Department said today in
Washington. The supply of unsold homes at the current sales pace
rose.
Read more at Bloomberg Bonds News
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