Sales of New U.S. Homes Increased in May to Two-Year High – Bloomberg 06-25-12

Salient to Investors:

Demand for new U.S. homes rose more than forecast in May, the most since April 2010, while supply dropped to the lowest in more than six years.

The median sales price increased 5.6 percent from the same month last year.

Read the full article at http://www.bloomberg.com/news/2012-06-25/sales-of-new-homes-in-u-s-increased-to-two-year-high-in-may.html