New home sales in the US jumped 8% in December from the previous month, according to a report released Thursday by the Census Bureau and the Department of Housing and Urban Development.
Sales of new single‐family homes were at a seasonally adjusted annual rate of 664,000, it said.
New home sales, which show the number of new single-family homes sold, were estimated to come in at 645,000 last month. The figure stood at 615,000 in November.
New home sales in December were 4.4% above the same month in 2022 when the figure stood at 636,000.
“An estimated 668,000 new homes were sold in 2023.—AA
