Jul. New Home Sales: Down 0.7% to 298K, vs. Cons. 310K

August 23, 2011 10:00 AM EDT
New home sales for the month of July come in at 298,000, which compares to the economist estimate of 310,000. The reading for June was 300,000.

New home sales fell 0.7% during the month, compared to the Street estimate of -0.6%. New home sales during June fell 2.9%.


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