2009-06-15housingwire.com

Home sales remained weak in May even as prices declined, according to a survey of more than 300 home building executives conducted by John Burns Real Estate Consulting.

The survey represented 2,221 new home communities in 95 metro areas. The consulting firm says the month’s commentary marks the most optimistic month in the survey’s year-long history, as many builders believe the market is approaching bottom.


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