Economic Outlook August 21, 2020

Aug 21, 2020  | Ep4601

- Existing home sales skyrocketed a record 24.7 percent last month led by low interest rates as buyers snapped up the limited supply of listings.

- Construction on new U.S. homes jumped 22.6 percent in July. The pace is also a 23.4 percent gain over this time last year.

- The Rural Mainstreet Index squeezed out a .6 point gain in July to a 44.7 reading even under continued pressure from the pandemic.

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