US August new home sales 675K vs 700K expected

<ul><li>Prior was 714K (revised to 739K)</li><li>Sales down 8.7% m/m</li><li>Prior sales +4.4% (revised to +8.0%)</li></ul><p>US home sales have been recovering for months but the recent jump in interest rates is a big problem that should bite hard in September and October (if it continues).</p>

This article was written by Adam Button at www.forexlive.com.