Finace And Stock

Home Builders Might Be a Home Run Once Supply Woes Ease

If only lumber had been all that was keeping home builders from selling more homes.

The Commerce Department on Friday reported that 740,000 new homes were sold in August, at a seasonally adjusted, annual rate. That was above July’s 729,000 but is nothing close to the 977,000 homes sold in August of last year.


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