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Housing outlook as new trade war fears grip markets

Stocks are tumbling after President Trump Tweeted that American companies should find an alternative to China. This is as U.S. single-family new-home sales fell 12.8% in July, according to new data released today. Founder of DeBianchi Real Estate Sam DeBianchi and Chief Economist at the National Association of Home Builders Robert Dietz join Yahoo Finance’s Akiko Fujita to discuss.