U.S. Home Sales Increase in August

U.S. sales of new single-family homes in August were at a seasonally adjusted annual rate of 685,000, growing 28.8% from July but 0.1% lower than the comparable month last year.

The seasonally adjusted estimate of new homes for sale at the end of August was 461,000, representing an 8.1-month supply at the current sales rate. See U.S. Census Bureau

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