BusinessSeptember 5, 2000
BUSINESS MEMO: NEW HOME SALES UP
Americans, feeling secure in their jobs and the economy, feverishly snapped up new homes in July, sending sales soaring by a surprising 14.7 percent, the biggest boost in seven years. The Commerce Department has reported sales of new single-family homes surged at a seasonally adjusted annual rate of 944,000, the highest level in four months...
Americans, feeling secure in their jobs and the economy, feverishly snapped up new homes in July, sending sales soaring by a surprising 14.7 percent, the biggest boost in seven years.
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The Commerce Department has reported sales of new single-family homes surged at a seasonally adjusted annual rate of 944,000, the highest level in four months.
The 14.7 percent increase was the largest since a 16.4 percent jump in April 1993. Many were expecting a much smaller increase of about 1 percent.
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