U.S. new home sales increased in May, but consumer confidence hit low
New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month. April’s sales pace was revised higher to 629,00 units from the previously reported 591,900 units. Sales surged in the West and densely populated South but declined in the Midwest and Northeast. Confidence among U.S. consumers fell to a record … Read more