US new home sales plunge to record low in May

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US new home sales plunge to record low in May

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06-24-2010, 12:49 PM

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US new home sales plunge to record low in May

The Commerce Department has revealed a record fall in sales of new homes in the US for the month of May.According to the Commerce Department, new single-family home sales fell by 32.7% on year to an all-time low of 300,000 units – the lowest since records commenced in 1963.However, a fall was expected as buyers [...]

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