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Brand new Residential Product sales Declined Sharply Last 30 days

Brand new Residential Product sales Declined Sharply Last 30 days

Sales of new properties declined unexpectedly in July, the federal government said on Friday inside the 2nd statement this week that indicated that the real estate market stalled final thirty day period.

The Commerce Department reported that sales of new properties in July fell 12.4 % from June, to a seasonally adjusted yearly rate of 276,000 units. That was the lowest level in July since the government began keeping track in 1963