(Updated with additional information and stock prices.)NEW YORK ( TheStreet) -- Sales of newly built homes were flat in August at a seasonally adjusted annual rate of 288,000, the Commerce Department said Friday morning. The figure came in below expectations for a rate of 291,000 after an all-time low rate rate of 276,000 in July. July's results were originally reported at a sales pace of 276,000, the worst on record until Friday's adjustment to 288,000. May's new-home sales pace of 282,000 was the slowest pace on record.
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