National Home Sales - WAOW - Newsline 9, Wausau News, Weather, Sports

National New Home Sales Drop


(CNN)--New home sales are down again for the fourth straight month.

That's coming from new Census Bureau numbers.

The agency says new home sales dropped two-point-three percent last month to a seasonally-adjusted annual rate of 295-thousand.

That's down from 302-thousand in July.

Still, the government says the numbers are up six percent over the same time last year.

This latest drop comes even though interest rates hit historical lows.

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