Sales of new homes in the U.S. declined in December at 7.6% to 342 thousand in connection with the expiration of a popular government program to provide tax relief for home buyers.
Sales of new homes in December were the lowest since March. Compared with the same period last year, sales of homes fell by about 23%.
Note that economists had expected a small growth rate in December to mark 365 thousand
The number of unsold homes on the market fell in December at 1.7% to 231 thousand
Sales of new homes in December were the lowest since March. Compared with the same period last year, sales of homes fell by about 23%.
Note that economists had expected a small growth rate in December to mark 365 thousand
The number of unsold homes on the market fell in December at 1.7% to 231 thousand
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