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US August pending home sales +4.0% vs +0.2% expected

  • Prior was -0.4%
  • Index at 74.7 vs 71.7 prior
  • Sales up 3.8% compared to a year ago

The big surprise this month was a jump in new home sales and this index is also showing some signs of basing.

This article was written by Adam Button at investinglive.com.

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