New Home Sales at Nine-Month Low - Adviser Investments

New Home Sales at Nine-Month Low

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, August 23. We saw slight dips across major U.S. stock indexes today, with the Dow Jones Industrial Average down 0.3% and the S&P 500 and NASDAQ Composite each losing 0.1% as trade negotiations between China and the U.S. continued. Meanwhile, the U.S. Census Bureau and the U.S. Department of Housing and Urban DevelopmentĀ released new home sales data for July, revealing a nine-month low that is largely the result of a lack of supply rather than demand.

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