FILE PHOTO: Construction workers build a single family home in San Diego, California, U.S. February 15, 2017. Picture taken February 15, 2017. REUTERS/Mike Blake
Economists polled by Reuters had forecast new home sales, which account for about 11.2% of housing market sales, slipping 0.3% to a rate of 995,000 units in November. New home sales are drawn from a sample of houses selected from building permits and tend to be volatile month-to-month. But persistent shortages of land, materials and skilled labor are raising construction costs for builders. A report on Tuesday showed sales of previously owned homes fell in November after five straight monthly increases.
nice
nobody in cooler-cold states wants to close from december-january.
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