US new home sales rose 2.1 percent in May to 476,000 annual rate, fastest pace in 5 years

  • by: MARTIN CRUTSINGER , AP Economics Writer
  • Updated: June 25, 2013 - 9:35 AM

WASHINGTON — Sales of new homes rose in May to the fastest pace in five years, a solid gain that added to signs of a steadily improving housing market.

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