| Purchases of previously owned U.S. homes in August probably held close to the weakest level this year and construction dropped to a three-month low as the industry showed few signs of a emerging from its slump, economists said before reports this week.
Existing-home sales rose 1.7 percent to a 4.75 million annual rate from an eight-month low in July, according to the median projection of 59 economists surveyed by Bloomberg News before a National Association of Realtors report on Sept. 21. Housing starts dropped 2.3 percent, economists forecast Commerce Department data will show a day earlier..............................................Full Article: Source |