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New home sales and factory orders fall in August

September 25th, 2008 · Permalink

In this July 25, 2008 file photo, a new home is for sale in a Little Rock, Ark., neighborhood. The Commerce Department said Thursday, Sept. 25, 2008, government data show sales of new homes dropped sharply in August, falling to the slowest pace in 17 years. The average sales price fell by the largest amount on record, too. (AP Photo/Danny Johnston, file)AP - New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record, demonstrating the depth of the problem that Washington is trying to solve.




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