US new-home sales fell 1.7 percent in July

Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its momentum despite an otherwise solid economy. The Commerce Department said Thursday that newly built homes sold at a seasonally adjusted annual rate of 627,000 last month, down from 638,000 ...

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US new-home sales fell 1.7 percent in July

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