Housing market provides mixed data

09/26/2013 | Reuters · CBS MoneyWatch

Sales of new, single-family houses increased by 7.9% last month, reaching an annual rate of 421,000 after a sharp decline in July, the Commerce Department says. Despite the rebound, August's sales were close to the lowest of the year. The supply of new homes for sale rose 3.6% compared with July, leaving unsold inventory at the highest level since March 2011.

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Reuters · CBS MoneyWatch

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