New-home sales steady, but prices jump

Posted by Bonnie Martin Designated Broker on Thursday, September 27th, 2012 at 7:46am.


NEW YORK (CNNMoney) -- Sales of new homes were little changed in August, but prices rose sharply in a signal of continued improvement in the housing market, according to a government report issued Wednesday.

New homes sold at an annual rate of 373,000, down 1,000 from the July reading from the Census Bureau, which tracks the sales. The number is 28% above year-earlier levels.

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