Sales of newly built, single-family homes rose 12.4 percent in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.
Read MoreDay: August 31, 2016
Poor California Roads Costing Motorists Billions
Roads and bridges that are deficient, congested or lack desirable safety features cost California motorists a total of $53.6 billion statewide annually – more than $2,800 per driver in some urban areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays.
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