New home sales fall to a six-month low

Sales of new U.S. homes fell 2.3 percent in August to a six-month low, recording their fourth straight declining month.

The Commerce Department said on Monday sales slipped to a seasonally adjusted 295,000-unit annual rate -- that's the lowest since February, but the amount was in line with analysts' forecasts.

Source: http://bottomline.msnbc.msn.com/_news/2011/09/26/7970903-new-home-sales-fall-to-a-six-month-low

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