The Commerce Department said Monday that new-home sales fell 2.3 percent to a 295,000 - a six-month low – and less than half the roughly 700,000 that economists say must be sold to sustain a healthy housing market.
But all home sales remain weak. August sales for previously occupied homes at a seasonally adjusted annual rate of 5.03 million were slightly above last year's sales but still almost a million … (0 comments)
Sales of new U.S. homes fell to in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.
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