WASHINGTON — Sales of new single-family homes were up 2.8% in July to a seasonally adjusted annual rate of 870,000 units, as new home sales rebounded from weak sales figures in June, according to the United States Commerce Dept. The July sales pace was 10.2% below a year earlier.
“Despite their normal volatility, these numbers are promising,” said Brian Catalde, president of the National Association. of Home Builders (NAHB). “Financing is still available, builders are offering plenty of choices of price ranges and people are still buying the homes of their dreams.” Read more.
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