US new-home sales jumped nearly 17% in May, more than economists expected, as buyers rushed back to the market

· US new-home sales surged 16.6% in May from April, to an annualized pace of 676,000, the Census Bureau said Tuesday.
· Economists surveyed by Bloomberg had expected a jump to an annualized rate of 640,000. In addition, the May rate is nearly 13% higher than the same month one year ago. 
· Homebuyers are flocking back to...