Existing home sales last month suffered their biggest monthly decline since 1989.

It was the third consecutive monthly decline and the worst since February 1991.

It was the second monthly decline after sales hit a record annualized high of 5.63 million in June.

It was the eighth consecutive monthly decline from levels a year earlier.

The May figure represents the third consecutive monthly decline in orders.

Analysts said it was the largest monthly decline for construction spending in four years.

This was the eighth consecutive monthly decline and the 27th in the last 32 months.

And construction spending numbers showed their biggest monthly decline in 10 months.

Manufacturers cut 95,000 jobs in April, the 33rd consecutive monthly decline.

Sales fell 1.5 percent, to 92,960 units from May, the third consecutive monthly decline.