new homes

The number of people who bought new homes fell for the third straight month in July, putting sales on track to finish this year as the worst on records dating back half a century.

Fewer people bought new homes in June, evidence that the housing market remains weak.

Sales of new single-family homes in February were down more than 80 percent from the 2005 peak, signaling a shift in behavior from buyers seeking smaller places.

New single-family home sales unexpectedly fell in February to hit a record low, and prices were the lowest since December 2003,  suggesting the housing market slide is deepening.

Sales of new homes plunged in February to the slowest pace on records dating back nearly half a century, a dismal sign for an already-weak housing market.

Buyers purchased the fewest number of new homes last year on records going back 47 years.

More people purchased new homes in November, though not enough to signal better times are ahead for the battered housing industry.

Sales of new homes improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy.

The economic recovery appears to be stalling as companies cut back last month on their investments in equipment and machines and Americans bought new homes at the weakest pace in decades.

Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties kept people from buying new homes.