New Home Sales Retreat to 7-Month Low
New home sales retreated in May, experiencing their largest monthly decline in nearly three years. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 623,000 last month, their lowest level in seven months. This represents a 13.7% decrease from April’s downwardly revised rate of 722,000 and a 6.3% [...] The post New Home Sales Retreat to 7-Month Low appeared first on ETF Trends.
New home sales retreated in May, experiencing their largest monthly decline in nearly three years. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 623,000 last month, their lowest level in seven months. This represents a 13.7% decrease from April’s downwardly revised rate of 722,000 and a 6.3% [...]
The post New Home Sales Retreat to 7-Month Low appeared first on ETF Trends.
