New home sales climbed 18 percent last month, meaning newly constructed homes sold at the fastest pace since May 2008.
September 24, 2014 at 01:00 PM
1 minute read
U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast.
The Commerce Department said Wednesday that new home sales climbed 18 percent last month to a seasonally adjusted annual rate of 504,000. The report also revised up the July sales rate to 427,000 from 412,000.
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