New-Home Slowdown Pressures Recovery
Demand for new homes slowed sharply during the first half, a development that threatens to reverberate beyond the housing market and throughout the broader economy.
Sales of new single-family homes fell 4.9% through the first six months of the year compared with the same period of 2013, according to Commerce Department data released Thursday. June sales fell 8.1% from the prior month, and the May number was revised down from the best figure in six years to not even the best figure in six months. Click here to read more
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