Sales of US new homes record 2.4% drop in July (1)

Khaleej Times 2014.08.25 23:37
Josh Boak (AP) / 26 August 2014 Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said Monday that new-home sales fell 2.4 per cent last month to a seasonally adjusted annual rate of 412,000.
TRACTION, BUILDER, SALE, BUMP, JULY, FALL, Gapen, Moody, USA