Worst Economy Since Hoover Update
From My Way Finance:
Sales of new U.S. homes surged well past expectations in May to a record high, as generally rising mortgage interest rates did little to restrain home buying, a government report showed on Thursday.
Sales of new homes jumped 14.8 percent to a seasonally adjusted annual rate of 1.369 million units from an upwardly revised 1.192 million in April, the Commerce Department said. It was the biggest monthly climb since April 1993.
