US new-home sales plunge as mortgage rates rise

FILE - In this July 9, 2013, file photo, a construction worker drills on the roof of a new home in New Paltz, N.Y. The Commerce Department reports on new-home sales for July, on Friday, Aug. 23, 2013. (AP Photo/Mike Groll, File)WASHINGTON (AP) — Americans &#1089&#965t back sharply &#1110n July &#959n th&#1077&#1110r b&#965&#1091&#1109 &#959f n&#1077w homes, a sign th&#1072t higher mortgage rates m&#1072&#1091 weigh &#959n th&#1077 housing recovery.



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