Comprehensive up-to-date news coverage

HomeNewsNew home sales in the US fell in July due to higher...

New home sales in the US fell in July due to higher mortgage interest rates

Published on

Follow us on Google News for latest updates and information.

News Tech: WASHINGTON, Aug 23 (Reuters) – Sales of new U.S. single-family homes fell sharply in July as persistently high mortgage rates and house prices further eroded affordability.

Economists polled by Reuters had forecast that new home sales, which account for a fraction of U.S. home sales, decreasing to a rate of 575,000 units.

New home sales tumbled 12.6% to a seasonally adjusted annual rate of 511,000 units last month, the Commerce Department said on Tuesday. June’s sales pace was revised down to 585,000 units from the previously reported 590,000 units.

RegisterReporting by Lucia Mutikani
Editing by Chizu Nomiyama

Learning Tips!

Loading RSS Feed

Latest articles

Foresight VCT plc – Dividend Declaration

News Tech: FORESIGHT VCT PLCLEI: 213800GNTY699WHACF46 The Board of Foresight VCT plc is pleased...

JK Cong strongly condemns Udhampur twin blasts

News Tech: Jammu and Kashmir Pradesh Congress Committee (JKPCC) on Thursday strongly condemned...

WVa programs receive $7.9 million in federal funding awards

News Tech: CHARLESTON, W.Va. (AP) — The U.S. Department of Health and Human...

BJP leader Subramanian Swamy meets Rajapaksa brothers from Sri Lanka

News Tech: Senior BJP leader Dr Subramanian Swamy on Thursday met Gotabaya Rajapaksa...

More like this

Foresight VCT plc – Dividend Declaration

News Tech: FORESIGHT VCT PLCLEI: 213800GNTY699WHACF46 The Board of Foresight VCT plc is pleased...

JK Cong strongly condemns Udhampur twin blasts

News Tech: Jammu and Kashmir Pradesh Congress Committee (JKPCC) on Thursday strongly condemned...

WVa programs receive $7.9 million in federal funding awards

News Tech: CHARLESTON, W.Va. (AP) — The U.S. Department of Health and Human...

BJP leader Subramanian Swamy meets Rajapaksa brothers from Sri Lanka

News Tech: Senior BJP leader Dr Subramanian Swamy on Thursday met Gotabaya Rajapaksa...

The government approved the 22nd tranche of electoral bonds; sale from 1 to 10 October

News Tech: Ahead of assembly elections in Gujarat and Himachal Pradesh, the government...

A case registered against three doctors for raping a woman in Basti in UP

News Tech: Police have registered a case of gang-rape against three doctors of...

Agency: joining NATO makes Finland a target for Russian operational units

News Tech: HELSINKI (AP) — Finland’s future NATO membership will make the Nordic...

Rule 8.3 – Shaftesbury plc

News Tech: FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY   A PERSON WITH INTERESTS...

3 killed, 7 injured when truck hits e-rickshaw in Amethi in UP

News Tech: Representative Image : A...

Opening of new bonds with a fixed interest rate

News Tech:   Opening of new fixed-rate bonds Company Announcement number 86/2022 Realkredit Danmark will open...

Reliance Retail introduces the premium brand of fashion and lifestyle store AZORTE

News Tech: Country’s largest retailer Reliance Retail on Thursday launched a premium fashion...

Hurricane Ian hit a Florida hospital from above and below

News Tech: Hurricane Ian swamped a Florida hospital from both above and below,...

Blast at JK town bus stand in Udhampur; no casualty reported

News Tech: A blast occurred in a vehicle parked at a bus stand...

Julia Fox stuns in a silver dress at the 2022 New York Ballet Gala

News Tech: Julia Fox stuns in a puffy silver gown for the 2022...

Police: Shooting at Oakland high school injures 6 adults

News Tech: At least six adults were wounded in a shooting at a...

Assam: Man arrested for repeatedly raping 11-year-old daughter

News Tech: A man was arrested in Assam’s Nagaon district for allegedly raping...

Sakkari advances to Parma Open quarterfinals, Stephens loses

News Tech: PARMA, Italy (AP) — Top-seeded Maria Sakkari rallied past Arantxa Rus...

Brazil’s Bolsonaro instructed Neymar to stop the campaign

News Tech: Brazil’s President Jair Bolsonaro enlisted the help of soccer star Neymar...