Low new-home sales in May, MBA index says

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June 17, 2014

NAHB's Eye on Housing reports that applications for new home purchases decreased by a not seasonally adjusted monthly rate of 8.4 percent in May, based on a Builder Application Survey by the Mortgage Bankers Association.  However, new home purchases in May 2014 were 4.9 percent higher than the level in May 2013.
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