Businessweek Archives

New Single Family Home Sales


Business Outlook: THE WEEK AHEAD

NEW SINGLE-FAMILY HOME SALES

Tuesday, June 28, 10 a.m.

New houses likely sold at a 683,000 annual rate in May, unchanged from April but down from the first quarter's pace. That's the median forecast of economists surveyed by MMS International, a unit of McGraw-Hill Inc., and it suggests that higher mortgage rates are starting to cut into home buying.


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