Sep
26
U.S. New-Home Sales Cool, Supply Jumps as Storms Strike South
ByA second straight decline in purchases of new U.S. homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma, according to government data Tuesday.
HIGHLIGHTS OF NEW HOME SALES (AUGUST) |
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Key Takeaways
While data aren’t available at the state or local level, areas in Texas and Florida affected by Harvey and Irma accounted for about 14 percent of single-family housing units authorized by permits in 2016, the Census Bureau said in a special notice. If no sales information is received by the government, the units’ status is assumed to be unchanged…
U.S. New-Home Sales Cool, Supply Jumps as Storms Strike South
