Please ensure Javascript is enabled for purposes of website accessibility
U.S. New Home Sales Rise to Highest Level Since 2007
GV-Wire-1
By gvwire
Published 8 years ago on
August 23, 2016

Share

The Wall Street Journal is reporting that sales of newly built homes rose in July to their highest level in nearly a decade, a sign of solid momentum in the U.S. housing market.

“New home sales soared again,” said Ralph McLaughlin, economist at real estate website Trulia. “This is a continued sign that demand for new homes remains solid in a low interest rate, low unemployment environment.”

RELATED TOPICS:

DON'T MISS

Caitlin Clark Is Set to Sign a New Nike Deal Valued at $28 Million Over 8 Years, Reports Say

DON'T MISS

Fresno’s Baklava House Entices Foodies With Its Delicious Flavors

DON'T MISS

A Far-Right German EU Lawmaker’s Aide Is Arrested on Suspicion of Spying for China

DON'T MISS

Wall Street Rallies and Adds to Its Hot Start to the Week

DON'T MISS

The Icon Returns: Discover the All-New 2024 Land Cruiser

DON'T MISS

Newsom Criticizes Local Response to Homelessness. He Should Look in the Mirror.

DON'T MISS

Google Fires More Workers Who Protested Its Deal With Israel

DON'T MISS

LeBron James Rants at NBA’s Replay Center for Calls, Lakers Lose on Buzzer-Beater

DON'T MISS

Winn Sharp Again, Conforto Homers as Giants Clip Mets

DON'T MISS

CA Lawmakers Reject Bill Cracking Down on Utilities Spending Customers’ Money

UP NEXT

Ship That Caused Bridge Collapse Had Apparent Electrical Issues While Still Docked, Source Says

UP NEXT

US Shoots Down Iran-Launched Attack Drones as Biden Team Pledges ‘Support’ for Israel

UP NEXT

US Intelligence Finding Shows China Surging Equipment Sales to Russia to Help War Effort in Ukraine

UP NEXT

Austin Tells Congress Israel Is Taking Steps to Boost Aid to Gaza as Lawmakers Question US Support

UP NEXT

4.8 Magnitude NYC Earthquake Unnerves the Northeast

UP NEXT

State Department Under Fire for Downplaying Attack on Humanitarian Workers in Gaza

UP NEXT

Person Catches Bird Flu After Being in Contact With Texas Cows

UP NEXT

Alternate Channel Opened for Vessels Clearing Wreckage at Baltimore Bridge Collapse Site

UP NEXT

Federal EV Charging Stations Are Key to Biden’s Climate Agenda, Yet Only 4 States Have Them

UP NEXT

US Drops in World Happiness Rankings as Those Under 30 Report Declining Well-Being

Wall Street Rallies and Adds to Its Hot Start to the Week

50 mins ago

The Icon Returns: Discover the All-New 2024 Land Cruiser

1 hour ago

Newsom Criticizes Local Response to Homelessness. He Should Look in the Mirror.

2 hours ago

Google Fires More Workers Who Protested Its Deal With Israel

2 hours ago

LeBron James Rants at NBA’s Replay Center for Calls, Lakers Lose on Buzzer-Beater

2 hours ago

Winn Sharp Again, Conforto Homers as Giants Clip Mets

2 hours ago

CA Lawmakers Reject Bill Cracking Down on Utilities Spending Customers’ Money

2 hours ago

What Do Supreme Court Justices Say About Homelessness?

3 hours ago

49ers GM Hopes to Get Brandon Aiyuk Contract Extension Done Sooner Rather Than Later

6 hours ago

Judge Rejects Changing the Name of California’s Trans Youth Ballot Measure

6 hours ago

Caitlin Clark Is Set to Sign a New Nike Deal Valued at $28 Million Over 8 Years, Reports Say

Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall...

11 mins ago

11 mins ago

Caitlin Clark Is Set to Sign a New Nike Deal Valued at $28 Million Over 8 Years, Reports Say

41 mins ago

Fresno’s Baklava House Entices Foodies With Its Delicious Flavors

47 mins ago

A Far-Right German EU Lawmaker’s Aide Is Arrested on Suspicion of Spying for China

51 mins ago

Wall Street Rallies and Adds to Its Hot Start to the Week

1 hour ago

The Icon Returns: Discover the All-New 2024 Land Cruiser

2 hours ago

Newsom Criticizes Local Response to Homelessness. He Should Look in the Mirror.

2 hours ago

Google Fires More Workers Who Protested Its Deal With Israel

2 hours ago

LeBron James Rants at NBA’s Replay Center for Calls, Lakers Lose on Buzzer-Beater

MENU

CONNECT WITH US

Search

Send this to a friend