Aug 24
Sales of new homes improved slightly in July with a
seasonally adjusted annual sales pace of 870,000, up 2.8 percent above
the revised June sales figures. The June number had been particularly
dismal at an annualized 834,000 units, well below the 895,000 units
analysts had been expecting. The final figure for June, while still well
below the expected number, was 846,000, 12,000 above what had been
initially reported.