New home sales jump more than expected in January to 10-month high

New single-family home purchases rose 7.2% to a seasonally adjusted annual rate of 670,000 units, the Commerce Department reported Friday. Economists surveyed by Refinitiv expected new home sales — which account for a small percentage of total sales — to rise just 0.6% last month.

New single-family home purchases rose 7.2% to a seasonally adjusted annual rate of 670,000 units, the Commerce Department reported Friday.

books keep cookin flippers keep floating

Houses - way too expensive - I’ll wait another year before buying

Who is buying them Berkshire Hathaway?

That’s cuz all those homes sold in the end of the buying frenzy are finally being finished and closed on

Something seems amiss with these numbers again.

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U.S. new home sales jump to 10-month high in January, prices fallSales of new U.S. single-family homes jumped to a 10-month high in January as prices declined, but a resurgence in mortgage rates could slow a much anticipated housing market turnaround.
Source: Reuters - 🏆 2. / 97 Read more »