New home sales unexpectedly drop of 0.6 percent in May as demand for housing remains sluggish

WASHINGTON — New U.S. home sales dipped slightly last month, in another sign that the housing market recovery is likely to be gradual and prolonged.

New home sales in March beat expectations; analysts say bottom likely reached

WASHINGTON — After a staggering 74 percent decline from the peak in July 2005, new U.S. home sales appear to be bottoming out.

New home sales down 0.6 percent in March from revised February number, beating expectations

WASHINGTON — After a staggering 74 percent decline from the peak in July 2005, new U.S. home sales appear to be bottoming out.