The Commerce Department released new home sales in the U.S. New home sales jumped 18.6% in May to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008.
Analysts had expected new home sales to rise to 442,000 units. April's figure was revised down to 425,000 units from 433,000 units.
That could be a sign for the housing recovery in the U.S.
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