Buy custom Conumer Confidence Weakens To an Almost Two-Year Nadir
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 507 |
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Sales of new homes decreased 9.9% to a seasonally adjusted annual rate of 1.237 million, after rising 5.3% the month before. Inventories of new homes for sale grew to 479,000 homes in August, from an estimated 467,000 in July. The rate of inventories was the highest since June of 2000.
However, economists and home builders were reluctant to conclude the nation's housing market is cooling...
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New-home sales figures are fickle and compared with a year earlier, and sales were higher in August.
If there is a slowdown, many companies are doing too well right now to see it coming.
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