Pursuits
New-Home Sales in U.S. Jump to Highest Level Since February 2008
Shiller: Normally Rising House Prices Are Now Flat
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Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm and resilient housing market.
Sales increased 3.5 percent to a 592,000 annualized pace, the fastest since February 2008, Commerce Department data showed Tuesday in Washington. Figures for May were revised higher. The median forecast in a Bloomberg survey called for a 560,000 rate.