WASHINGTON—Sales of new homes declined for the second straight month, the latest in a string of economic data pointing to a soft run in the housing market amid an otherwise booming economy. Purchases of newly built single-family homes—a relatively narrow slice of all U.S. home sales—declined 1.7% to a seasonally adjusted annual rate of 627,000 in July, the Commerce Department said Thursday. This is the slowest rate since last October in the aftermath of damaging hurricanes that hit the Southern and Eastern U.S....

Source: Wall Street Journal August 23, 2018 14:06 UTC