- New single-family home sales of 421K in August were 7.9% above July's pace and ahead 12.6% from a year ago. New home inventory of 175K is the highest in more than two years, and represents five months of supply vs. 5.2 months in July.
- Higher interest rates take a bite: The July print of 390K and today's August print of 421K are the slowest paces of new home sales recorded this year.
- The ITB and XHB are each up slightly.
- Full report.
New home sales pace slowing down
Sep 25 2013, 10:20 ET