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U.S. Residential Sales Down in August

U.S. sales of new single-family homes in August were at a seasonally adjusted annual rate of 560,000, falling 3.4% below July and down 1.2% from the comparable month last year.  The seasonally adjusted estimate of new homes for sale at the end of August was 284,000, representing a 6.1 month supply at the current sales rate.  See U.S. Census Bureau

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