New Home Sales Are Up
The Commerce Department reports that new-home sales grew
in July at the fastest pace in 10 months. Volume
climbed 9.6 percent — the most since February 2005 — to an
annual rate of 433,000, topping economists’ estimates of
390,000.
Also, the median price of a new home slipped 0.1 percent from
June to $210,000; and the inventory [...]
