Recent data showed the U.S. housing market remained ongenerally solid ground in August, albeit with new- and existing-home sales andhousing starts declining from their July readings.
New single-family home sales were up 20.6% on an annualbasis but down 7.6% from the previous month, according to a release by the U.S. Census Bureau and the Department ofHousing and Urban Development.
Start rates for privately owned housing units in the U.S.were up 0.9% in August from the year-ago levelbut down 5.8% month over month, the agencies said in a separate .
Existing-home sales softened in August, to a by the National Association ofRealtors. The rate improved 0.8% annually, but slid 0.9% on a monthly basis.
In July, home-price gains moderated, to the S&P CoreLogicCase-Shiller U.S. National Home Price NSA index, which saw a 5.1% year-over-year increase and a0.4% monthly gain.