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US new-home sales rise for second month

Posted on 25 May 2011

Sales of new homes in the United States increased for the second consecutive month in April, crawling out of a record bottom earlier this year, official data showed Tuesday. The Commerce Department reported that sales rose to an annual rate of 323,000, an increase of 7.3 percent from March.
The reading was solidly stronger than the average analyst estimate of an annual rate of 300,000 homes. New-home sales had fallen in February to a rate of 278,000, hitting an all-time low for the data series started in 1963……………………………………….Full Article: Source


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