New home sales surge

New home sales surge

Foxbusiness.com: New U.S. single-family home sales surged to their highest level in 4-1/2 years in January.

The Commerce Department said on Tuesday sales jumped 15.6 percent to a seasonally adjusted 437,000-unit annual rate, the highest level since July 2008 when the economy was in the throes of a recession.

 

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