U.S. new-home sales rise 2.8% in July

WASHINGTON – Sales of new homes in the U.S. unexpectedly rose last month for the second time this year, surging 2.8 percent to a seasonally adjusted rate of 870,000 units per year from the revised June rate of 846,000 units per year, according to a report today by the U.S. Census Bureau. The month-over-month increase…

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