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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (6971)	8/24/2001 11:16:47 AM
From: kodiak_bull	Respond to of 23153

US Home Sales-OVERVIEW - Aug. 24- --US July new single-family home sales +4.9% to 950,000 rate --US June home sales revised to +2.8% from +1.7% --US June home sales rate revised to 906,000 from 922,000 --US July new home median price $168,300; June $172,400 --US July new single-family home median price -0.6% from yr ago By Neil Stempleman Washington, Aug. 24 (BridgeNews) - Homebuyers in July disregarded the slowing U.S. economy, causing sales of new single-family homes to surge 4.9% to a seasonally adjusted annual rate of 950,000 units. Sales were above analysts' median expectation for a pace of 912,000 units. Home sales this year have been exceptionally strong, with actual sales for the first seven months of this year up 7.6% from the same period of last year. * * * The July sales rate was 7.8% above the year-ago pace of 881,000, and followed a revised 2.8% monthly increase in June to 906,000 units, the departments of Commerce and Housing and Urban Development said Friday. The rise follows a previously reported 2.8% decrease in July housing starts to an annual rate of 1.672 million units.