Rebound In South Powers US New Home Sales In May
June 26, 2018
WASHINGTON – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
The Commerce Department said on Monday new home sales jumped 6.7 percent to a seasonally adjusted annual rate of 689,000 units last month, the highest level since November 2017. April’s sales pace was revised down to 646,000 units from the previously reported 662,000 units.