| From Telegraph: New US house sales rebounded strongly last month, rising almost 24pc – albeit to the second lowest level of sales since records began in 1963. The number of new homes being purchased in the US rose by 23.6pc to a seasonally adjusted annual rate of 330,000.
Although this was up strongly from the annualised rate of 267,000 seen in May, sales activity remains sharply below the highs of the pre-crisis housing boom, with sales off 16.7pc year-on-year in June. The US housing market peaked in 2005, with an annual rate of sales of new homes of 1.5m..............................................Full Article: Source
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