8-Year High for New Home Sales

The annual rate of new residential property sales last month climbed to the highest level in more than eight years, with the West leading the way.

New U.S. houses sold during June preliminarily numbered 54,000. The total was the same as the upwardly revised figure for the prior month.

But new home sales have accelerated compared to the same month last year, when there were an downwardly revised 44,000 new houses sold.

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From:: Financing