U.S. New Home Sales Rebound By 1.0% In July

The Commerce Department released a report on Tuesday showing a rebound in U.S. new home sales in the month of July. The report showed new home sales increased by 1.0 percent to an annual rate of 708,000 in July after slumping by 2.6 percent to an upwardly revised rate of 701,000 in June.Original Article