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quickening-pace

U.S. new home sales fall in August but trend still positive

September 26, 2016 by · Leave a Comment 

July's sales pace was revised up 5,000 units to 659,000 units. Analysts said the level of sales generally supported their view of a strong underlying trend in new home sales and of a quickening pace of overall economic growth in the second half of the year. Following the new home sales release, analysts at Macroeconomic Advisers kept their estimate of third-quarter economic growth at 3 percent, a marked pickup from the first half of the year.

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U.S. new home sales fall in August but trend still positive