“Paired with June’s slippage, newly updated sales figures for March, April and May show the industry’s spring performance was weaker than previously estimated, the Census Bureau reported Thursday. Instead of rising nearly 19% from April, May’s sales were only up about 8%. The magnitude of the change was a single-month record for new-home sales data, according to Census records on revisions that date to 1996. Sales fell from May in every region, led by a 20% decline in the Northeast. The falloffs elsewhere were 1.9% in the West, 8.2% in the Midwest and 9.5% in the South. The median price of homes sold last month was $273,500, up 5.2% from June 2013.”
http://www.usatoday.com/story/money/2014/07/24/june-new-home-sales/13087091/
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