US new-home sales surge 5.7 percent in August to 7-year high

Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years. New-home sales surged 5.7 percent last month to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. That is the strongest pace since February 2008, near the beginning of ...

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US new-home sales surge 5.7 percent in August to 7-year high

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