department of commerce

That was higher than the 310,000 than economists had expected, and was also 13.5% higher than new home sales in May 2010.

April's sales numbers were revised slightly higher, to an annualized rate of 326,000 from the initially reported 324,000.

The supply of new homes on the market fell 3.5% to 166,000, which represents 6.2 months of supply at the current rate of sales.

The median price for a new home rose 2.6% from April to $222,600, down 3.4% fr

Sales of new homes fell 2.1% in May to a seasonally adjusted, estimated annual rate of 319,000 the Department of Commerce reported today.

The gap was still higher than the $44 billion deficit economists had expected.

The deficit for January was revised up to $47.0 billion from $46.3 billion.

February exports were down $2.4 billion from the month prior, while February imports were down $3.6 billion.

Trade volumes are likely to be reduced further in March and April due to the parts shortages stemming from the earthquake and tsunami in Japan, as well as lower imports and

The trade deficit fell 2.6% in February to $45.8 billion, the Department of Commerce reported Tuesday, due in large part to a 4.4% drop in oil imports.