Sales of new homes plunge by more than 7 percent

http://www.msn.com/en-us/money/realestate/sales-of-new-homes-plunge-by-more-than-7-percent/ar-BBwEuik

This is an interesting statistic, it appears that it can be attributed to a lack of inventory of new homes for sale. 

The Commerce Department says new home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units. That followed a surge in sales in July, when they jumped 13.8 percent to a rate of 659,000, the fastest pace since October 2007.