May Home Sales Surge To Record Levels

Fueled by the outstanding financing climate and continued solid investment potential of new homes, sales of new single-family homes rose in May to a record-high seasonally adjusted annual rate of 1.369 million units, the Commerce Department reported. This was 14.8 percent ahead of April’s upwardly revised sales pace.

“This is one more report that confirms what builders in the field continue to report: buyer demand for new homes continues to be strong as the economic expansion strength

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