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New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'
Wednesday, June 26, 2024 - 6:52pm | 501Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban...