U.S. New Home Sales Unexpectedly Fall 2.4 percent

U.S. New Home Sales Unexpectedly Fall 2.4 percent Play

Aug. 25 (Bloomberg) -- New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress. Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March and weaker than the lowest estimate of economists surveyed by Bloomberg, after a 422,000 rate in June, the Commerce Department reported today in Washington. Erik Schatzker and Scarlet Fu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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