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New home sales fell in August as housing market sends mixed signals

By Zach Halaschak
Published September 26, 2023 2:03pm ET
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New home sales fell in August as housing market sends mixed signals
Sales of new homes fell in August, showing that the housing market is still feeling the burden of higher mortgage rates. New home sales fell 8.7% from July to August to a seasonally adjusted annual rate of 675,000, according to a report on Tuesday from the Census Bureau. The reading comes amid persistently higher mortgage […]

Sales of new homes fell in August, showing that the housing market is still feeling the burden of higher mortgage rates.

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Federal Reserve Housing Interest Rates mortgages Real Estate