Tax Credit, New Home Sales | featured news

(Image from article: "New-home sales up 11% in June from previous month")

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New home sales at record low as tax credit expires

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.

Home sales jump 15%

New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.

New-home sales up 11% in June from previous month

Price cuts and tax credits provide a boost.

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