By Lucia Mutikani WASHINGTON, June 24 (Reuters) - Sales of new U.S. single-family homes unexpectedly fell in May, weighed down by higher mortgage rates and p...
New U.S. single-family home sales unexpectedly declined in May, marking the second consecutive monthly drop. This downturn is primarily attributed to persistent higher mortgage rates, which continue to weigh on buyer demand and affordability in the housing market.
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