Sales of U.S. New Homes Surged in August to Seven-Year High

  • Last time new-home purchases were stronger was February 2008
  • Demand climbed in three of four regions, led by Northeast

U.S. New-Home Sales Unexpectedly Climb 5.7% in August

Purchases of new homes jumped in August to a seven-year high as Americans took advantage of historically low mortgage rates.

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