New Residential Sales Surge in June
July 26, 2010 at 10:45 AM EDT
Sales of new single-family houses rebounded strongly in June from the prior month’s record low, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years. The Commerce Department said sales jumped 23.6 percent to a 330,000 unit annual rate from a downwardly revised [...]