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Instant View: New home sales at record low in July (Reuters)

A homesite is readied for construction in Virginia August 23, 2010. New U.S. single-family home sales unexpectedly fell in July to set their slowest pace on record while prices were the lowest in more than 6-1/2 years. Picture taken August 23, 2010. REUTERS/Kevin Lamarque (UNITED STATES - Tags: BUSINESS)Reuters - New U.S. single-family home sales unexpectedly fell in July to set their slowest pace on record while prices were the lowest in more than 6-1/2 years.