NEW HOME SALES SURGE PAST EXPECTATIONS

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Photo: Wikimedia Commons

ORIGINAL POST: Big economic news of the morning: May New Home Sales.Analysts expect the number to come in at a 347K annualized rate.

That’s up just a little from the previous month’s 343K.

UPDATE:

It’s a beat…

New homes sales surge past expectations from 343K last month to an annualized 369K this month.

The 7.6% jump is well above the expected 347K.

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