US home sales expected to dip 1.3 percent in July after hitting nine-year high in June
US sales of new homes soared 12.4 percent in July to best level since October 2007
Sales of new homes expected to dip 2.9 percent in July
Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up
US home construction climbed to a 6-month high in July, led by a jump in apartment buildings
Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains
Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels. Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage ticked up to 3.45 percent from 3.43 percent last week.