Sales of new homes tumbled 7.6 percent in August

Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West. New home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units, the Commerce Department reported Monday. That followed a surge ...

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Sales of new homes tumbled 7.6 percent in August

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