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US new home sales recover in May

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/06/2017 (12:28)
According to data released by the US Commerce Department, new U.S. single-family home sales rebounded in May after falling in April.

New home sales increased by 2.9% on a yearly basis to 610,000 units in May after a revised 593,000 in April and outpaced the economists’ estimations.

The rebound in home sales at the fifth month of the year was driven by the rise in home sales in West and South, where sales posted respective increases of 13.3% and 6.2%.
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