US New-Home Sales Rise to Highest Level in Over a Year

September 25, 2023
Augusta Saraiva - Bloomberg

US new-home sales rose in July to the highest level in over a year as homebuilders continue to benefit from limited supply in the resale market.

Purchases of new single-family homes increased 4.4% to an annualized 714,000 pace after downward revisions to prior months, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 703,000 pace.



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