Share on StockTwits

The Commerce Department said on Monday that sales slipped 2.4 percent to a seasonally adjusted annual rate of 412,000 units, the lowest level since March June’s sales were revised to show a 7.0 percent decline instead of the previously reported 8.1 percent slump. The weak new home sales pace is at odds with other data that have suggested the housing market recovery is back on track. At July’s sales pace it would take 6.0 months to clear the supply of houses on the market.



“U.S. New Home Sales Fall Again In July, Supply Increases Sharply” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.