National new home sales jump in July - Kansas City Business Journal:

Sales of new homes rose 9.6 percent in July from June to an annual pace of 433,000, according to the U.S. Department of Commerce.

July sales nationally were down 13.4 percent from last year.

The average sales price of a new home nationally in July was $269,200, and the number of new homes on the market at the end of July was 271,000, or a 7.5-month supply, based on the current sales rate, the agency said.



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