Open Demo Account
Home / Breaking News / US New Home Sales Rise in August

US New Home Sales Rise in August

M. Ali 24 September, 2020 7:21 pm Breaking News, Market Update

New home sales in the United States increased by 4.8% to a seasonally adjusted annual rate of 1.011 million units in August, according to data released by the US Department of Commerce on Thursday.

This is the highest level for new home sales since September 2006, according to Reuters.

July’s reading was upwardly revised to 965,000 units from a previous reading of 901,000 units.

Tags

Check Also

Sterling Under Pressure as Global Tensions Lift the Dollar

The British Pound struggled to maintain momentum at the end of the week, hovering just …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends