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Home sales rise as housing market shows tentative rebound
New home sales climbed in June at an 384,000 annual pace, the strongest since 2000, with gains led by the Midwest and Northeast. Prices fell to a median 206,200, while a federal tax credit spurred first time buyers. Foreclosures keep supply high, keeping a slow recovery path.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
David Resler
Nomura Securities
Corey Barton
CBH Homes
Meridian
Idaho
Barton
Keystone Custom Homes
Lancaster
Larry Wisdom
Thomson Reuters
Midwest
Northeast
CBH
U.S
Beazer Homes USA
Centex and
Hovnanian’ Enterprises