US NEW home sales rise to highest level in more than a year

Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering. New home sales jumped 10.6% to a seasonally adjusted annual rate of 739,000 units last month, the highest level since May 2023, the Commerce Department’s Census Bureau said on Friday. It was also the sharpest increase in sales since August 2022.  

Full article here:  US NEW home sales rise to highest level in more than a year

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