US new-home sales jump 7.9 percent in August

FILE - In this Thursday, Aug. 1, 2013, file photo, a sidewalk gets shaped in front of new construction in Omaha, Neb._The Commerce Department reports on new-home sales for August on Wednesday, Sept. 25, 2013. (AP Photo/Nati Harnik)WASHINGTON (AP) — Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.



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