US new home sales surge 18.6 percent in May to annual rate of 504,000, fastest pace in 6 years

  • by: MARTIN CRUTSINGER , Associated Press
  • Updated: June 24, 2014 - 9:50 AM

WASHINGTON — Sales of new U.S. homes rose in May to the highest level in six years, providing the strongest signal yet that housing is recovering from a recent slowdown.

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