New home sales rebound

Published Sep 26, 2013 at 05:00AM

Sales of new U.S. homes rebounded in August, posting the fastest growth since January, according to government data released Wednesday.

Sales of new U.S. homes rose 7.9 percent — the fastest growth since the beginning of the year — to a seasonally adjusted annual rate of 421,000 in August, with rising results in three of four regions, according to the U.S. Department of Commerce.

Economists polled by MarketWatch had expected sales to climb in August to a rate of 420,000, compared with an original July estimate that pegged the rate at 394,000. On Wednesday, the government revised July’s rate to 390,000.