Sales of newly constructed homes rose at their fastest pace in more than three years last month. Justin Sullivan / Getty Images Close Key Takeaways New homes are now more popular than existing homes, due largely to builder incentives and plentiful inventory, new data released this week showed. Sales of newly-constructed homes in August came in at an annual rate of 800,000, a 20% increase from July's rate of 664,000. It was the fastest pace of sales since early 2022, economists at Wells Fargo noted in a repo ...