A “Sold” sign rests in front of a house under construction in Walpole, Mass.

U.S. new-home sales tumbled in May after a surge in April

WASHINGTON – Americans pulled back from buying new homes in May, reversing strong gains made in April as sales fell sharply in the Northeast and West.

New-home sales declined 6 percent last month to a seasonally adjusted rate of 551,000 from a downwardly revised 586,000 in April, the Commerce Department said last week.

Still, sales are 6.4 percent higher year-to-date. Job growth and ultra-low mortgage rates have helped...

Business Briefs

New dental practice opens at RivergateDr. David P. Anderson, DDS, is accepting new patients starting Wednesday at his new office at 555 Rivergate Lane, B1-109.

Anderson is a graduate of the University of Detroit Mercy School of Dentistry, and he has 26 years experience in all aspects of general dentistry. He has successfully owned and operated four...
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