Existing Home Sales Drop To 6.67M.Unit Rate in May

McConnell, Alison L.
June 2006
Bond Buyer;6/28/2006, Vol. 356 Issue 32412, p2
Trade Publication
The article reports on the decline in the home sales by 1.2 percent in the U.S. in May 2006. Moreover, inventory of homes during the month increased. Economist David Lereah explains that the figures depict the slowdown of the housing sector. However, he is confident that the decline is still manageable.


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