Economics
U.S. New-Home Sales Top Forecast With Best Pace Since March
- Purchases jumped 14% in September to an annualized 800,000
- About a third of homes sold last month were not yet started
Photographer: Bing Guan/Bloomberg
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Sales of new U.S. homes increased in September to the highest level in six months, underscoring solid underlying demand.
Purchases of new single-family homes increased 14% to an 800,000 annualized pace after a downwardly revised 702,000 rate in August, government data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a 756,000 rate.