U.S. new home sales increased 18% in August

Market news

24 September 2014

U.S. new home sales increased 18% in August

The U.S. Commerce Department released new home sales figures today. New home sales rose 18.0% to a seasonally adjusted annual rate of 504,000 units in August, up from 427,000 units in July. That was the highest level since May 2008.

July's sales were revised from 412,000 units.

Analysts had expected an increase to 432,000.

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