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In Foreign Affairs

Unexpected drop in the newly built home sales leaves experts puzzled

23rd August 2019

Unexpected drop in the newly built home sales leaves experts puzzled Pin It

Sales of new-build homes in the United States fell unexpectedly in July. The US Department of Commerce reported this.

Sales fell by 12.8 percent on a monthly basis, to a pace of 635,000 homes measured on an annual basis. Economists generally assumed an increase of 0.2 percent.

In June, sales went up by a revised 20.9 percent. Previously, a 7 percent increase was reported for that month.

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