Arab Today, arab today us new home sales dropped sharply in july
Last Updated : GMT 14:56:05
Arab Today, arab today
Arab Today, arab today

US new home sales dropped sharply in July

Arab Today, arab today

Arab Today, arab today US new home sales dropped sharply in July

Washington - UPI

Sales of new single-family homes dropped 13.4 percent from June to July, the U.S. Commerce Department said Friday. At an annual rate of 394,000, sales for the month declined from June\'s revised annual rate of 455,000. Sales were also 6.8 percent higher than the July 2012 estimate of 369,000. The Commerce Department said the average price for a new home sold in March was $322,700. At the end of June, there were an estimated 171,000 new homes on the market, representing a 5.2 month supply at the current rate of sales.  

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