U.S. new home sales nosedive in May

WASHINGTON, June 25 (Xinhua) -- Sales of U.S. single family homes in May plunged a whopping 13.7 percent from April, according to data released Wednesday from the U.S. Commerce Department.

The sales of 623,000 units in May dropped 6.3 percent from the same month of 2024, and far under the 6-month average of 671,000 units sold.