
New US home sales surged last month at the fastest rate since 2005, the commerce department said on Wednesday, reinforcing the case that the stricken residential real estate market is staging a recovery.
By Alan Rappeport in New York
Published: August 26 2009 14:19 | Last updated: August 26 2009 16:06

New US home sales surged last month at the fastest rate since 2005, the commerce department said on Wednesday, reinforcing the case that the stricken residential real estate market is staging a recovery.