New-Home Sales Continue to Increase in July

The seasonally adjusted annual rate of 901,000 last month is a 13.9% increase from the revised June rate.

Sales of new single-family houses jumped another 13.9% in July, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.

According to the data, new-home sales were at a seasonally adjusted annual rate of 901,000 last month, an increase from the revised June rate of 791,000. Year over year…Click Here to Continue Reading