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September 25, 2014

Sales of new homes soar 18 percent in August

By JOSH BOAK
AP Economics Writer

WASHINGTON — U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast.

The Commerce Department said Wednesday that new-home sales climbed 18 percent last month to a seasonally adjusted annual rate of 504,000. The report also revised up the July sales rate to 427,000 from 412,000.


 
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