Sales of New U.S. Homes Unexpectedly Fall to Four-Month Low

New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress. Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March and lower than the lowest estimate of economists surveyed by Bloomberg, after a 422,000 rat…

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Sales of New U.S. Homes Unexpectedly Fall to Four-Month Low

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