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New-Home Sales Rose Sharply in July

https://www.realtor.com/news/real-estate-news/u-s-new-home-sales-rise-4-4-in-july/
As listings of previously-owned homes dry up amid unfavorable market conditions for prospective home sellers, an increasing number of buyers are turning to new-construction. New-home sales rose 4.4% to an annual rate of 714,000 in July, up from a revised 684,000 the month prior, Realtor.com reports. Not only are home builders offering more inventory than

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