U.S. new home sales exceed expectations in January

U.S. new home sales exceed expectations in January

Play all audios:

Loading...

WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned


houses on the market.


New home sales rose 4.3% to a seasonally adjusted annual rate of 923,000 units last month, the Commerce Department said on Wednesday. December’s sales pace was revised higher to 885,000


units from the previously reported 842,000 units.


Economists polled by Reuters had forecast new home sales increasing 2.1% to a rate of 855,000 units in January.


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.