new home sales dip 33 in may: New Home Sales Dip 33% in May - 06/25/10 07:49 AM
New-Home Sales Dip 33% in May
*Editor's note: This report includes excerpts from a National Association of Home Builders press release Sales of newly built, single-family homes declined dramatically in May following the expiration of a popular homebuyer tax credit program in the previous month, according to newly released figures by the U.S. Commerce Department.
The data show that sales fell 32.7 percent from April to a seasonally adjusted annual rate of 300,000 units, the lowest number on record since the government started keeping track in 1963. That figure combined with an annualized 5.66 million existing home sales for May (according … (0 comments)