New Home Sales in August Flat from July

Washington, DC, Sept. 24, 2010--New home sales in August were unchanged from July, according to the Commerce Department.

It was the second-worst month on record in August.

The Commerce Department said new home sales were at annual sales pace of 288,000. Sales were down by 29% from the same month a year earlier.

The only time sales were slower was in May, when the sales pace was 282,000, the worst on records dating back to 1963. July's results had been the worst on record, but were adjusted upward.