by Calculated Risk on 9/25/2008 10:05:00 AM

From the Census Bureau: New Residential Sales in August 2008

Sales of new one-family houses in August 2008 were at a seasonally adjusted annual rate of 460,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.5 percent below the revised July rate of 520,000 and is 34.5 percent below the August 2007 estimate of 702,000.

This is a very weak report. Analysis and graphs coming ...