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New Home Sales Fall To 17-year Low

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Topic Starter Says...

The pace of new home sales fell to its lowest level in 17 years in August, according to a key government report released Thursday that signaled more dismal news for the housing sector in coming months

August sales came in at a seasonally adjusted annual rate of 460, 000, the Census Bureau report showed, down 11.5% from a revised 520, 000 in July

Read more: http://money.cnn.com/2008/09/25/news/economy/...

Watch a video report: http://money.cnn.com/video/#/video/news/2008/...

Posted 9/26/08 7:54 AM

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