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Housing sector gets a boost as home resales hit one-year high

Sales rise 2.4 per cent in September to an annual rate of 5.17 million units

Published Tue, Oct 21, 2014 · 09:50 PM

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Washington

US home resales jumped to their highest level in a year in September, in the latest indication that the housing market recovery is gradually getting back on track.

The National Association of Realtors said on Tuesday that existing home sales rose 2.4 per cent to an annual rate of 5.17 million units - the strongest reading since September last year.

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