Wednesday, June 24, 2009

New Home Sales Disappoint

Updated: 24-Jun-09 10:21 ET

New home sales in May were at a seasonally adjusted annual rate of 342,000. That was down -0.6% from the April level, which was revised lower to 344,000 from an originally reported 352,000. It was also down -32.8% from May 2008.

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