US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America’s largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May’s ugly declines… and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May’s 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual sales positive (still down 5.6% YoY)… Overall, new… — Continue at ZeroHedge News : Read More
