U.S. July New-Home Sales Drop
Aug. 23 (Bloomberg) -- Sales of new U.S. homes declined more than projected in July to the lowest level in five months, indicating the industry is struggling to stabilize two years into the economic recovery.
Purchases fell 0.7 percent to a 298,000 annual pace after a 300,000 rate in June that was slower than previously estimated, figures from the Commerce Department showed today. Mike McKee reports on "InBusiness with Margaret Brennan." (Source: Bloomberg)