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LATEST US DATA

July new-home sales surge to almost nine-year high

Wednesday, August 24, 2016 - 05:50

Washington

PURCHASES of new US homes unexpectedly jumped in July to the highest level in almost nine years, led by soaring demand in the nation's South and adding to signs of persistent housing-market strength.

Sales increased 12.4 per cent to a 654,000 annualised pace, the fastest