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U.S. Home Sales Increase

U.S. sales of new single-family homes in August were at a seasonally adjusted annual rate of 713,000, up 7.1% from the revised July rate and 18% higher than the year-ago period. The seasonally adjusted estimate of new homes for sale at the end of August was 326,000, representing a 5.5-month supply at the current sales rate.  See U.S. Census Bureau

 

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