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U.S. New Home Sales Rise in August

Published 09/26/2018, 10:03 AM
New home sales rose in August.

Investing.com - Sales of new U.S. single-family homes rose less than expected in August, according to data released on Wednesday.

The Commerce Department said new home sales rose at a seasonally adjusted annual rate of 629,000 units last month, compared to expectations for an increase of 630,000 units. That represented an increase of 3.5% from the previous months revised total.

The number of new homes in July was revised down to 608,000 from 627,000 or a negative 1.6% from negative 1.7%.

New home sales, which are drawn from permits, are volatile from month to month.

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