Rebound in South powers U.S. new home sales, dampens prices

June 25, 2018 by  
Filed under News

WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11-year high and dampened prices, but the overall housing market remained constrained by a dearth of properties for sale.

Source: Reuters Business News

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