WASHINGTON -
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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