New Home Sales Fall for the Second Month in a Row in May

The New home sales in the United States fell 5.9% in May, registering the second consecutive fall after falling 7.8% in April.

In total, the number of new sales stood at 769,000 compared to 817,000 the previous month, without achieving the 870,000 expected by experts.

May’s is the lowest number of home sales seen in a year, specifically since May 2020.

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