New-Home Sales Rise 3.6 Percent in July

WASHINGTON, D.C. – August 23, 2012 – (RealEstateRama) — Sales of newly built, single-family homes rose 3.6 percent to a seasonally adjusted annual rate of 372,000 units in July from an upwardly revised pace in the previous month, according to figures released by HUD and the U.S. Census Bureau today.