Sales of new homes fall to the lowest level on record in May after the federal tax credits end home buyer
sales of new homes fall to the lowest level on record in May after the federal tax credits end home buyer Sales of new homes plunged last month, 33 percent fall to the lowest level registered as potential buyers shopping for homes stopped once they are no more government incentives.
New home sales fell for the first time in three months in May, dropping 2.1 percent from April nationwide, according to data released from the Commerce Department in Washington.