| Sales of newly built homes in the U.S. fell slightly in August, but prices posted their largest increase since late 2004. Sales of new single-family homes decreased 0.3% last month from July to a seasonally adjusted annual rate of 373,000, the Commerce Department said Wednesday. July's revised rate of 374,000 homes sold was the highest since April 2010.
The August results were below expectations. Economists surveyed by Dow Jones Newswires expected an annual sales rate of 380,000...............................................Full Article: Source
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