Sales of New U.S. Homes Surged in August to Six-Year High

New-home sales in the U.S. surged in August to the highest level in more than six years, a sign that the housing recovery is making progress. Sales of new houses jumped 18 percent to a 504,000 annualized pace, the most since May 2008, the Commerce Department reported today in Washington. The medi…

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Sales of New U.S. Homes Surged in August to Six-Year High

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