Sales of new homes in the US jumped in May, but…

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Sales of single family homes jumped 2.6 percent to 4.75 million, rebounding from a 0.9 percent decline in April; while sales of condos increased 1.7 percent to 0.59 million, after a 7.4 percent surge in the prior month.

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WASHINGTON (AP) – Sales of new U.S. homes jumped 6.7 percent in May; South accounts for all of monthly sales growth. News from The Associated Press, and a taste of the great journalism produced.

WASHINGTON – Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last.

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New home sales jump in May By Robert Dietz on June 24, 2014 (). New single-family home sales reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6% over a slightly downwardly revised April (425,000).