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Both new and existing home sales data came in below expectations for the second month in a row, further pointing toward a struggling housing market. Existing-home sales fell for the fourth straight month in July to the slowest pace in over two years, according to the National Association of Realtors. The above-mentioned deterrents shouldn’t lead investors to steer clear of the housing industry altogether. The housing market indicators that remained upbeat are building permits and housing starts. New residential construction data was positive with housing starts rebounding in July after touching nine-month lows in June.


Source: Nasdaq