WASHINGTON — New home sales fell to a 295,000 seasonally adjusted annual rate in August, down 2.3% from July, the Commerce Department reported Monday. Sales of new homes have now fallen for four months in a row.

Sales for July were revised up to 302,000 on an annual basis and June sales were revised to 303,000. New home sales increased in the Midwest but slumped in the Northeast, South and West.

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