Comment on New-Home Sales Spike 17.5% in December

New-Home Sales Spike 17.5% in December

NEW YORK (TheStreet) -- Sales of newly built homes spiked 17.5% in December to a seasonally adjusted annual rate of 329,000, the Commerce Department said Wednesday morning, a far bigger jump than expected. The figure was expected to come in at a rate of 300,000, according to consensus estimates listed on Briefing.com, after sales of newly built homes rose 5.5% in November to a rate of 290,000 units.

 

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