WASHINGTON -- Two reports released yesterday that showed rising single-family home sales and rebounding consumer confidence suggest that the economy remains healthy.

The Commerce Department reported that single-family home sales grew 4.2% in May to a seasonally adjusted annual rate of 738,000 units. Analysts on average had expected a small decline. What's more, May's gain followed revised sales in April of 708,000, up from the 683,000 pace last reported.

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