U.S. new-home sales surge in August on low mortgage rates

Builders are on pace to sell the most houses since 2007

Sales of new homes jumped 7.1% in August to an annualized rate of 713,000, getting close to June’s 12-year high, according to the Census Bureau and the Department of Housing and Urban Development. The surge in new-home sales, which are recorded when buyers sign contracts, came as interest rates… Click Here to Continue Reading