US December new home sales 842K vs 870K expected

Author: Adam Button | Category: News

December new home sales data

US December new home sales
  • Prior was 841K (revised to 829K)
  • Sales still up 17.2% y/y
  • Sales +1.6% m/m
  • New home supply at 4.3 months vs 4.2 months prior
  • Prices +8.0% y/y to $355,900
This is a hiccup in a hot market. It's not the home-buying season and home builders, including DR Horton this week have talked about high interest and offering almost no incentives to buyers.

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