New Home Sales Fell 1.6% in May

June 25, 2007

Sales of new U.S. homes fell 1.6% in May to a lower-than-expected level while prices climbed from April, according to a government report on Tuesday that continued to point to weakness in the housing sector.

*For more on this story,

read the full Reuters article.

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New Home Sales Fell 1.6% in May

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