Reflecting an extension of the volatility seen in recent months, the Commerce Department released a report on Wednesday showing U.S. new home sales rebounded strongly in the month of August following a sharp pullback in the previous month.
The Commerce Department said new home sales surged up by 7.1 percent to an annual rate of 713,000 in August after plunging by 8.6 percent to a revised rate of 666,000 in July.
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