CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Invezz 2024-06-26 17:05:06

Sales of new homes in US slump 11.3% in May, sparks recession concern

US new home sales witnessed a notable decline, contracting by 11.3% in May compared to April, according to the Census Bureau’s latest report on Wednesday. The data revealed that sales were recorded at an annual rate of 619,000 in May. Furthermore, the median house prices experienced a decrease, with homes selling at a median price

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.