U.S. new-home sales surge in July to highest level since 2006

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Well, great news for the housing market sales of new homes jumping last month to the highest level since December 2006. According to new government data, July sales of new single family homes rising nearly 14% from the month before that was way above. Economists expectations. The housing market showing signs of a strong rebound after the initial shock from the Corona virus pandemic record low interest rates, helping fuel demand. Among Homebuyers. Eliza Bischel Z, ABC NEWS Washington

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