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New Home Sales in the United States Reach a 7-Year High in August

Data released by the U.S. Department of Commerce shows that new home sales in the United States significantly increased in August, reaching the highest level since August 2008. The data indicates that, seasonally adjusted, the annual rate for new home sales in August was 552,000 units, a month-over-month increase of 5.7%. According to economists, the healthy real estate market in the United States should see around 700,000 new home transactions.

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U.S. Immigration focuses on U.S. Economic Development: Data released by the U.S. Department of Commerce shows that new home sales in the U.S. significantly increased in August, reaching the highest level since August 2008.


United States

 

Data shows that, seasonally adjusted, the annual rate for new home sales in August was 552,000 units, a month-over-month increase of 5.7%. According to economists, the healthy real estate market in the U.S. should see around 700,000 new home transactions.

 

In August, the median price of new homes sold in the U.S. was USD 292,700. Based on the current sales speed, new homes on the market will take around 4.7 months to sell out.

Investment involves risks, the above information is for reference only

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