New Home Sales Surge Over 20% In August, Beats Estimates

The sales of single-family houses in August stood at a seasonally-adjusted annual rate of 800,000.

New home sales in the United States surged by more than 20% in August, surpassing Wall Street estimates.

According to data released by the Census Bureau and the Department of Housing and Urban Development, sales of single-family houses in August stood at a seasonally-adjusted annual rate of 800,000, beating Dow Jones’ median forecast of 650,000, according to MarketWatch.

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