Sales of newly built homes reverse course, drop nearly 9% in August
PUBLISHED TUE, SEP 26 202311:35 AM EDTUPDATED TUE, SEP 26 202312:37 PM EDT
By: Diana Olick
New home sales in August fell short of expectations
Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau.
That is the slowest pace since March. Sales were still 5.8% higher than August 2022.
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