US new home sales hit near eight-year high

September 24, 2015 8:16 PM

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US new home sales hit near eight-year high

Sales of new US single-family houses have jumped in August to a near eight-year high, according to the latest data from the Commerce Department.

Figures released on Thursday show new-home sales ran at an annual pace of 552,000 in August, up 5.7 per cent from the July rate of 522,000, which was revised upward by 15,000 from the prior estimate.

Also read: Baseball’s Matt Kemp Lists His California ‘Dream House’

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