New Home Sales Surge to 14-Month High

The July release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 739,000 units, the highest level in fourteen months. The latest reading came in higher than the 624,000 forecast. New home sales are down 10.6% month-over-month from a revised rate of 668,000 in June and are [...] The post New Home Sales Surge to 14-Month High appeared first on ETF Trends .