Purchases of new homes in the United States rebounded in July, bolstering signs the real estate market is picking up.

Purchases of previously owned U.S. homes unexpectedly rose in July to the highest level since February 2007, consistent with further strength in the housing market.

Sales at U.S. retailers rose in July on growing demand for everything from cars to clothing, and a decline the previous month was wiped away, signaling consumers are propelling growth in the world’s largest economy.

Fewer Americans signed contracts in June to buy previously owned homes, representing a pause in the housing market’s momentum.

Purchases of new U.S. homes unexpectedly retreated in June and prior readings were revised down, painting a picture of less robust improvement during the industry’s busiest time of year.

Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.

Contracts to purchase previously owned U.S. homes rose in May to a nine-year high, indicating recent strength in the real estate industry will be sustained.

Purchases of new homes in the United States rose in May to the highest level in seven years, signaling the industry is gaining momentum heading toward the second half of the year.

Previously owned U.S. homes sold in May at the fastest pace since November 2009, driven by first-time buyers and indicating budding momentum in the residential real estate market.