New home sales soar 20% in August to a three-year high

Published Wed, Sep 24 202510:56 AM EDTUpdated An Hour Ago

By: Diana Olick

watch nowVIDEO01:47New home sales jump

Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024.

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