U.S. New Home Sales Spike Much More Than Expected In July

New home sales in the U.S. saw another substantial increase in the month of July, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 13.9 percent to an annual rate of 901,000 in July after soaring by 15.1 percent to a rate of 791,000 in June.Original Article