New homes sales rebounded 2.9 per cent in May

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBD54AS.img?h=100&w=100&m=6&q=60&o=f&l=fWASHINGTON - Sales of new homes rebounded in May, helped by strong sales gains in the South and West. Sales new single-family homes rose 2.9 per cent last month to a seasonally adjusted annual rate of 610,000, the Commerce Department reported Friday. That followed a 7.9 per cent drop in sales in April which was the biggest monthly decline in eight months. Sales gains of 6.2 per cent in the South and 13.3 per cent in the West overcame big declines ...

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