U.S. New-Home Sales Rise 4.4% in July
Getty ImagesThe numbers: Sales of newly built homes in the U.S. rose in July, as home buyers continued to turn to home builders for inventory.Home buyers are finding few listings of previously-owned homes, and are turning to builders, who have scaled up efforts to build more homes.U.S. new home sale
July New-Home Sales Reach 17-Month High
In a seasonally adjusted month-to-month comparison, July sales were 4.4% higher than June sales. Year-to-year sales were up 31.5%.
Forbearance? Down in July and Drop Continues
The Mortgage Bankers Association says the number of homeowners getting forbearance mortgage help dropped 5 basis points in July and is now only 0.39%.
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