WASHINGTON (Reuters) - Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries of a slowing economic recovery.
Reuters: Top News, Reuters
Wed, 06/23/2010 - 7:39am
WASHINGTON (Reuters) - Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries of a slowing economic recovery.