(Reuters) - Sales of new U.S. homes fell 1.6 percent last month to an
annual rate of 915,000 from a downwardly revised rate of
930,000 in April, the Commerce Department said on Tuesday.
Analysts had been looking for May new home sales of 925,000.
While sales fell, sales prices rose. The median sales price
of a new home climbed 1.5 percent in May to $236,100 from
$232,700 in April. That marked a reversal for new homes from
April, when prices fell a record amount but sales rose
strongly.
Read more at Reuters.com Bonds News
annual rate of 915,000 from a downwardly revised rate of
930,000 in April, the Commerce Department said on Tuesday.
Analysts had been looking for May new home sales of 925,000.
While sales fell, sales prices rose. The median sales price
of a new home climbed 1.5 percent in May to $236,100 from
$232,700 in April. That marked a reversal for new homes from
April, when prices fell a record amount but sales rose
strongly.
Read more at Reuters.com Bonds News
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