US new home sales cool in April
New US home sales fell 11.4% in April, cooling from the torrid pace in March, and prices also dropped. (AFP Photo/Frederic J. Brown)/ Washington (AFP) - Sales of new US homes experienced a sharp slowdown in April after hitting a record in March, and prices also fell, the Commerce Department reported Tuesday. The supply of new homes showed signs of increasing somewhat in an otherwise tight market the has left homebuyers squeezed for choice. Sales of new single-family houses plunged 11.4 percent from March to an annual rate of 569,000, ...
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