2 weeks ago
Economic Indicators

U.S. New Home Sales Rise Near 6-Month High in December

Investing.com - Sales of new U.S. single-family homes rose to an almost six-month high in December, according to data released

Investing.com - Sales of new U.S. single-family homes rose to an almost six-month high in December, according to data released on Tuesday.

The Commerce Department said new home sales jumped 3.7% to a seasonally adjusted annual rate of 621,000 units last month.

Economists had forecast new home sales falling 8.7% to a pace of 600,000 units last month.

New home sales, which are drawn from permits, are volatile from month to month.