From CNBC… Sales of newly built homes soared across the nation in July, as pent-up demand from the shutdown spring market, urban flight and a new desire for more work-at-home space fueled the growth.
As measured by signed contracts, new home sales jumped 13.9% compared with June and were a remarkable 36.3% higher annually, according to the U.S. Census. June’s reading was also revised higher. This is the strongest one-month pace since 2006.
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