New-home sales slump for 4th straight month

By: Josh Boak Associated Press October 24, 2018

Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 553,000 last month. New-home sales in August were downwardly revised, erasing the previously reported gain. ...

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New-home sales slump for 4th straight month

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