New US home sales fall as high borrowing costs stifle housing demand

New US Home Sales Fall as High Borrowing Costs Stifle Housing Demand

New U.S. home sales fall as high borrowing costs stifle housing demand

Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month’s sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates.

New US home sales fall as high borrowing costs stifle housing demand

Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month's sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates.

US New Home Sales Fall in July; June Sales Revised Higher

US New Home Sales Fall in July; June Sales Revised Higher

New Home Sales Drop 0.6 Percent from Bigger Upward Revision

New home sales remain stuck in a broad range. Median and average prices decline.