International Economic
US new home sales jump in July
By Alexander Bueso
Date: Friday 23 Aug 2024
(Sharecast News) - Sales of newly-built homes jumped during the previous month.
According to the Department of Commerce, in seasonally adjusted terms, sales of new single-family homes increased at a month-on-month pace of 10.6% in July to reach an annual rate of 739,000.
Economists had forecast a reading of 630,000.
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