SaysWho? Posted July 25, 2018 Share Posted July 25, 2018 https://www.reuters.com/article/us-usa-economy-housing/u-s-new-home-sales-drop-to-eight-month-low-in-june-idUSKBN1KF1ZN Quote A survey last week showed confidence among single-family homebuilders steady in July, with builders saying “they continue to be burdened by rising construction material costs.” The Trump administration in April 2017 imposed anti-subsidy duties on imports of Canadian softwood lumber, which builders say have significantly raised the cost of a new home. Quote The Commerce Department said on Wednesday new home sales decreased 5.3 percent to a seasonally adjusted annual rate of 631,000 units last month, the lowest level since October 2017. May’s sales pace was revised down to 666,000 units from the previously reported 689,000 units. Economists polled by Reuters had forecast new home sales, which account for about 10 percent of housing market sales, falling 2.8 percent to a pace of 670,000 units in June. Quote Link to comment Share on other sites More sharing options...
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