24Sep/1011:24 AM
Video: Sales of U.S. New Homes Lower Than Forecast in August: Video
|
Sept. 24 (Bloomberg) -- Fewer U.S. new homes than forecast were sold in August, signaling the housing market remains depressed even as mortgage rates dropped. Purchases were unchanged at a 288,000 annual pace, matching July as the second-lowest in data going back to 1963, figures from the Commerce Department showed today. Bloomberg's Michael McKee reports. (Source: Bloomberg) |
