New Home Sales at 7-Month Low; Manufacturing Stabilizes

Filed under: Mortgages, Real Estate, Housing Market, Manufacturing, Home Buying

Steve Helber/APBy Lucia MutikaniWASHINGTON -- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery.Other data Friday showed manufacturing activity nudged up in July after slowing for three straight months.

You never want to see the data regress, but we remain...

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