Not exact matches
While the number of
previously owned homes for sale rose 1.8
percent in May to 2.3 million, at the current sales
pace, it would take 5.1 months to sell those houses.
The economy was
previously reported to have grown at a 1.1
percent pace in the first quarter.
Corporate spending on equipment decreased at a 4.5
percent annualized
pace in the third quarter, compared with the 4.8
percent drag
previously estimated, and subtracted 0.3 percentage point from growth, the report showed.
Despite the competition from a surplus of
previously owned homes on the market, new building permits rose 2.5
percent to a 624,000 - unit
pace last month.