February 23, 2012

Home sales rise, but fall short of expectations

Home sales rise, but fall short of expectations

In this Sept. 22, 2009 photo, a for sale sign is posted outside a newly constructed home in Derry, N.H. New home sales in August inched up 0.7 percent, but results missed Wall Street expectations.New home sales rose a tepid 0.7 percent last month, missing Wall Street expectations and providing more evidence the housing market recovery remains tentative.