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New residential sales

FILE - In this June 13, 2019, file photo stacks of building materials are stacked up near new home under construction in Mechanicsville, Va. On Friday, Aug. 23, the Commerce Department reports on sales of new homes in July. (AP Photo/Steve Helber, File)
August 23, 2019 - 10:46 am

US new home sales slid 12.8% in July

WASHINGTON (AP) — Sales of new U.S. homes fell a steep 12.8% in July as higher prices and limited inventory sidelined would-be buyers. The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 635,000 units. That's down from a sharply revised upward rate of 728...
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July 25, 2018 - 10:42 am

New-home sales fall 5.3 pct in June ... a warning light?

WASHINGTON (AP) — Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 631,000 last month, less...
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