Realtor

U.S. New-Home Sales Fell in July, Yet Still Ahead of Last Year

Darryl Hood,
Posted:

by Darryl Hood

Sales of new U.S. homes plummeted 9.4 percent in July, the sharpest one-month drop in nearly a year. But the decline follows strong sales in previous months, and sales so far this year are outpacing last year’s. The Commerce Department says sales fell to a seasonally adjusted annual rate of 571,000, down from 630,000 in June. July’s new home sales…

Sales of New Homes Tumbled 7.6 Percent in August

Darryl Hood,
Posted:

by Darryl Hood

Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West. The Commerce Department says new home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units. That followed a surge in sales in July, when…