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Washington (AFP) – U.S. sales of new homes bounced back in August after July’s slump, though the pace remained slower than the first quarter of the year, the Commerce Department reported Wednesday.

New home sales rose to an annual pace of 421,000 units, compared to 390,000 in July and 454,000 in June.

But the pace remained slower than the first quarter’s 449,000 pace, which analysts say could be the result of a jump in home mortgage interest rates.

The median sale price remained lower than early in the year at $254,600, roughly unchanged from the same period in 2012.

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Dr. Rachel Levine

Screenshot from the official White House Twitter (@WhiteHouse)

President Joe Biden nominated Dr. Rachel Levine, a transgender Pennsylvania Health Secretary, to be his assistant secretary of health yesterday, according to several news outlets. If approved Levine will become the first openly transgender person to be confirmed by the Senate.

"A deeply experienced public servant and public health expert, she is poised to become the first openly transgender federal official to be confirmed by the U.S. Senate," announced a tweet from the official White House Twitter account.


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