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New home sales fall to 5-month low as cheaper mortgage rates fail to revive demand 

Jun 25, 2019By

Not even sliding mortgage rates could champion significant growth in new home sales, according to new data from the Census Bureau and the Department of Housing and Urban Development. According to their analysis, new home sales decreased 7.8% in May from April’s revised rate of 679,000. This means sales of new single-family houses grew to 626,000 in May.

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