Sales of new single-family homes had their second-worst month on record in August, with transactions falling to a 288,000 seasonally adjusted annual rate, according to figures released by the Commerce Department.

August's new home sales were unchanged from July but fell 29% from the same month a year earlier.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.