New Home Sales Rise in August, Prices Remain High

New Home Sales Rise in August, Prices Remain High
A house's real estate for sale sign is seen in front of a home in Arlington, Va., on Nov. 19, 2020. Saul Loeb/AFP via Getty Images
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New home sales in the United States rose for the second month in a row in August, though increasing demand is showing signs of slowing down because of high prices.

A Sept. 24 report from the Census Bureau (pdf) showed that sales of new residential houses increased 1.5 percent to a seasonally adjusted annual rate of 740,000 units in August.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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