(Reuters) - "These are numbers that are consistent with a slowing down
in activity, a moderation on the consumption side," said Steven
Wieting, an economist with Citigroup Global Markets in New
York.
Sales of new U.S. homes fell 1.6 percent last month to an
annual rate of 915,000 units from a downwardly revised pace of
930,000 in April, the Commerce Department said on Tuesday.
Analysts had been looking for May new home sales of 925,000.
Read more at Reuters.com Business News
in activity, a moderation on the consumption side," said Steven
Wieting, an economist with Citigroup Global Markets in New
York.
Sales of new U.S. homes fell 1.6 percent last month to an
annual rate of 915,000 units from a downwardly revised pace of
930,000 in April, the Commerce Department said on Tuesday.
Analysts had been looking for May new home sales of 925,000.
Read more at Reuters.com Business News
No comments:
Post a Comment