Thu, 23 Aug 2012 17:18:54 GMT
U.S. new home sales climb in July
U.S. new home sales surged more-than-expected in July, the Commerce Department said on Thursday. New home sales posted a 3.6% rise to a seasonally-adjusted annual rate of 372,000, from an upwardly-revised 359,000 in June. Economists expected an increase to 362,000.