U.S. New Home Sales Fall Sharply From Downwardly Revised Level In April

New home sales in the U.S. showed a substantial decrease in the month of April, according to a report released by the Commerce Department on Tuesday. The report said new home sales slumped by 5.9 percent to an annual rate of 863,000 in April after jumping by 7.4 percent to a significantly downwardly revised rate of 917,000 in March.Original Article