US new home sales soared 13.9% in July to a seasonally adjusted annual rate of 901,000 units, the highest level since December 2006, according to a TuesdaySales spiked by 58.8% in the Midwest and shrank by 23.1% in the Northeast.
Single-family home sales leaped 13.9% to a seasonally adjusted annual rate of 901,000 units, according to Sales jumped the most in the Midwest, soaring 58.8% to 127,000 units. Home sales shrank in the Northeast by 23.1% to 40,000 units.
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