New Home Sales Fall After 5-Month Rise
- Share via
Associated Press
WASHINGTON — New home sales fell 3.5% in April after five consecutive monthly increases, the Commerce Department reported today.
Contributing to the decline was a 15% drop in new home sales in the South, hard hit by oil-related losses. Despite the relatively slight decline, the April rate of new single-home sales was still 33% above a year ago.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
