U.S. New-Home Sales Uptick in August, Affordability Remains a Drag

Sales of new U.S. homes rebounded in August, helped by a stronger showing from builders, but the increase did little to change a housing market still constrained by high borrowing costs and affordability pressures. Sales of newly built single-family homes rose 6.4% from July to a seasonally adjusted annual rate of 684,000, according to data released by the U.S. Census Bureau and Department of Housing and...

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