It looks like the recovery of the housing market has hit another snag. According to Broderick Perkins of DeadlineNews.com, official Commerce Department data showed that sales of newly constructed homes plunged by almost 33% from April to May this year. Year-on-year sales of new residential real estate also fell by 18.3% last month. What seems to be the cause of this alarming trend? Read Broderick’s post to find out. Click Here or click the image to read the rest of this article.New Home Sales Plunge 33% Click Here to visit our news sources but please leave us a comment below.