WASHINGTON — U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.
The National Association of Realtors said Friday that sales dipped 1.7 percent to a seasonally adjusted annual rate of 4.75 million. That’s down from a rate of 4.83 million in August, which was the highest in more than two years.
Sales are still up 11 percent from a year earlier. They remain below the more than 5.5 million that economists consider consistent with a healthy market.
In other news
THE MAKER OF Banana Boat sunscreen is recalling some half-million bottles of spray-on lotion after reports that a handful of people have caught on fire after applying the product and coming in contact with an open flame. The recall includes aerosol products such as UltraMist Sport, UltraMist Ultra Defense and UltraMist Kids.
THE NATIONAL HIGHWAY Traffic Safety Administration is investigating complaints that children have been trapped in Graco car seats because the buckles won’t unlatch. The probe covers My Ride and Nautilus car seats from 2009 through 2011 made by Graco Children’s Products Inc. of Atlanta, the safety agency said in documents posted on its Web site Friday.
– Associated Press