New-home sales dropped in July after solid first-half run

U.S. new-home sales fell sharply in July and inventory levels jumped. Dow Jones, a News Corp company News Corp is a network of leading companies in the worlds of diversified media, news, education.

A decline in purchases of new homes in July may be a sign the industry took a breather following an even stronger run of sales than previously reported, according to government data Wednesday. Single-family home sales fell 9.4% month-to-month to a 571,000 annualized pace (the estimate was 610,000), the lowest in 2017, after a 630,000 rate.

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The top ten largest builders account for roughly a quarter of the total new home sales. in the housing market suggest a.

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New-Home Sales Dropped in july august 23, 2017 Marketing GrafWebCUSO A decline in U.S. purchases of new homes in July may be a sign the industry took a breather following an even stronger run of sales than previously reported, according to government data Wednesday.

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WASHINGTON (Reuters) – U.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested.

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U.S. new home sales fall; weekly jobless claims rise – WASHINGTON (Reuters) – New U.S. single-family home sales fell to a 10-month low in December after three straight months of solid gains. The Commerce Department said new home sales dropped 10.4.