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U.S. New Home Sales Unexpectedly Rebound Sharply In August

Por: RTTNews Business September 27, 2022

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New home sales in the U.S. unexpectedly showed a substantial rebound in the month of August, according to a report released by the Commerce Department on Tuesday.The report showed new home sales skyrocketed by 28.8 percent to an annual rate of 685,000 in August after plunging by 8.6 percent to a revised rate of 532,000 in July.The surge surprised economists, who had expected new home sales to slump by 2.2 percent to an annual rate of 500,000... + full article



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