U.S. New-Home Sales Rose to Nine-Month High in December

By | January 26, 2022

Purchases rose 11.9% to an 811,000 annualized pace from a revised 725,000 a month earlier, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 760,000 rate.

An increase in the number of completed homes over the last two months and prospects of higher interest rates this year as the Federal Reserve tightens monetary policy may have encouraged a pickup in contract signings. While potential buyers are still seeking more space as well as investment properties, prices remain high and builders continue to face some materials bottlenecks and labor constraints.

Full article: U.S. New-Home Sales Rose to Nine-Month High in December (yahoo.com)