New Home Sales Fall, Inventories Rise On Faltering Demand
"#Purchases of #newly built #single-#family #homes—a relatively #narrow slice of #all U.S. #homesales—#fell 5.5% to a #seasonally #adjusted annual #rate of 553,000 in #September, according to fresh data from the Commerce Department. This is the #slowest #rate #in about #two #years. Meanwhile, #inventory #rose to a 7.1 months’#supply" www.hoffghani.com https://lnkd.in/ghuTE7q