WASHINGTON—Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market. Purchases of new single-family homes rose 12.4% in July from a month earlier to a seasonally adjusted annual rate of 654,000, the Commerce Department said Tuesday. That was the highest level since...

Source: Wall Street Journal August 23, 2016 14:03 UTC