New U.S. Single-Family Home Sales Slide in July, Confidence Dips in August

August 25, 2026

Reuters, Aug. 25, 2026-Dan Burns

Sales of new U.S. single-family homes tumbled in July as high mortgage rates weighed on the market and continued to sideline potential home buyers, while consumer confidence slid to a seven-month low on darkening outlooks for the job market and inflation.