Morning Business Report: New home sales surge, Honda ends EV production, and Texas jobs hit record high
Sales of new homes jumped sharply in August, reaching their highest level in nearly four years.
(LILAMAX)- Sales of new homes jumped sharply in August, reaching their highest level in nearly four years. According to the U.S. Census Bureau, sales surged more than 20 percent with 800,000 homes sold—before the Federal Reserve’s most recent interest rate cut. In the auto industry, Honda announced it is ending production of its all-electric ZDX crossover. The EV, scheduled to…