Extending the sharp pullback seen over the past several months, new home sales in the U.S. saw a substantial decrease in the month of April, the Commerce Department revealed in a report on Tuesday.
The report showed new home sales plunged by 16.6 percent to an annual rate of 591,000 in April after tumbling by 10.5 percent to a revised rate of 709,000 in March.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com