US New-Home Sales Unexpectedly Surge
PositiveFinancial Markets

Sales of new single-family homes in the U.S. have unexpectedly surged by 20.5%, reaching an annualized rate of 800,000, according to a recent government report. This significant increase surpassed all estimates from economists surveyed by Bloomberg, indicating a robust demand in the housing market. Such growth is crucial as it reflects consumer confidence and could signal a positive trend for the overall economy.
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