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U.S. new-home gross sales elevated 1.5% to an annual charge of 740,000, the federal government mentioned Friday. The determine equates to what number of properties can be offered over a yearlong time period if the identical quantity had been purchased in every month based mostly on the speed of gross sales in July. In comparison with a yr in the past, gross sales had been down 24%.The median forecast of economists polled by MarketWatch was that new residence gross sales would are available at an annual charge of 720,000 for August. The median gross sales worth of latest homes offered in August was $390,900, rising barely from the earlier month to achieve a brand new report excessive.
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