New home sales rebound but homebuilders aren’t smiling
After a sharp decline in July, new home sales rebounded in August, according to data released Tuesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% compared to a year ago. “A […]