July's sales pace was revised up 5,000 units to 659,000 units. Analysts said the level of sales generally supported their view of a strong underlying trend in new home sales and of a quickening pace of overall economic growth in the second half of the year. Following the new home sales release, analysts at Macroeconomic Advisers kept their estimate of third-quarter economic growth at 3 percent, a marked pickup from the first half of the year.
CARTAGENA, Colombia (AP) — Colombia takes a big step Monday toward emerging from its decades-long nightmare of bloody violence when the government and the country's largest rebel movement sign a peace accord that emerged from four years of negotiations.
CAIRO (AP) — Egypt's president on Monday rejected criticism that the military's growing economic involvement was distracting it from its core duties, an issue that recently moved center stage when the armed forces said it would intervene to end shortages of baby formula.