Home » US real estate: sales of new homes + 1% in July, better than estimates

US real estate: sales of new homes + 1% in July, better than estimates

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In July, US new home sales rose 1%, doing better than estimates. Analysts had forecast a decline of 2.7%, after the drop in June, equal to -6.6%. The number of new homes sold was 708,000 units last month. The median price rose to $ 380,500 from last year’s $ 329,800.

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