(Reuters) - WASHINGTON, July 3 - Pending sales of existing
U.S. homes in May unexpectedly fell to their lowest level in
more than 5-1/2 years, data from a real estate trade group
showed on Tuesday in a sign of continued weakness in the
housing sector.
The National Association of Realtors said its Pending Home
Sales Index, based on contracts signed in May, fell 3.5 percent
to 97.7 from a downwardly revised level of 101.2 in April. The
May index is the lowest since 89.8 in September 2001.
Read more at Reuters.com Economic News
U.S. homes in May unexpectedly fell to their lowest level in
more than 5-1/2 years, data from a real estate trade group
showed on Tuesday in a sign of continued weakness in the
housing sector.
The National Association of Realtors said its Pending Home
Sales Index, based on contracts signed in May, fell 3.5 percent
to 97.7 from a downwardly revised level of 101.2 in April. The
May index is the lowest since 89.8 in September 2001.
Read more at Reuters.com Economic News
No comments:
Post a Comment