Sales of new U.S. single-family homes rose less than expected in August, according to data released on Wednesday.
The Commerce Department said new home sales rose at a seasonally adjusted annual rate of 629,000 units last month, compared to expectations for an increase of 630,000 units. That represented an increase of 3.5% from the previous months revised total.
The number of new homes in July was revised down to 608,000 from 627,000 or a negative 1.6% from negative 1.7%.
New home sales, which are drawn from permits, are volatile from month to month.
