US new-home sales rebound in July

Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4 percent last month to a seasonally adjusted annual rate of 507,000, recovering from a slide in purchases in June. Buyers have crowded into the housing market this year. Backed by solid job growth over ...

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US new-home sales rebound in July

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