U.S. Home Sales Slipped in August Despite Falling Mortgage Rates -- 2nd Update
August Existing Homes Sales Expected to Ease After July Rebound
The increase in new home construction in the USA in August reached a new high since April, as builders weigh inventory against demand prospects.
The annualized rate of new housing starts in the United States in August was 9.6%, significantly higher than the market's expected 5.8% and the previous value of -6.8%. The total annualized number of new housing starts in the United States in August was 1.356 million households, also higher than the market's expected 1.31 million households and the previous value of 1.238 million households, reaching the highest level since April of this year.
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