Brazil home sales up

Brazil home sales up
20/10/2016 , by , in INTERNATIONAL

Home sales, launches and deliveries in Brazil rose in August for the first time in 13 months.

Project launches jumped 70 percent while sales were 1.4 percent higher in August on an annual basis, university research center Fipe and industry group Abrainc said.

The supply of new homes at the end of August was enough to satisfy demand for another 13 months if no new projects were started, the report noted.

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