Despite fall in new home sales, U.S. economy still on solid ground

August 26, 2014

Though sales of new homes fell for the second consecutive month in July, more demand could be stimulated in future months, The New York Times reports, due to a surge in inventory on the market and slower price gains. On Wall Street, housing shares did not perform as well as the broader market – the housing index was down slightly, with homebuilders DR Horton and PulteGroup down 1.3 percent and 0.3 percent.