Date TimeAugust 23, 2019
VoiceSales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.
U.S. new home sales drop sharply, point to more housing weakness
The Commerce Department said on Friday new home sales dropped 12.8% to a seasonally adjusted annual rate of 635,000 units last month.
Economists had expected a sales pace of 649,000 units.

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