US New-Home Sales Unexpectedly Increase for a Second Month

February 6, 2023
Reade Pickert - Bloomberg

Sales of new US homes unexpectedly rose in November, suggesting some stabilization in demand as mortgage rates eased late in the month from their highs.

Purchases of new single-family homes increased 5.8% to an annualized 640,000 pace last month after rising in October, government data showed Friday. The median estimate in a Bloomberg survey of economists called for a 600,000 rate.


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