December New Home Sales Come In Much Better Than Expected At 329,000

luxury mansion


Headline: 329,000 annualized, a 17.5% month-over-month rise
Expectations: 300,000 annualized

Last month: 290,000 annualized

Analysis: Much better than expected, but still relatively low over the long-term. But it’s a significant month-over-month gain. 

It may be the result of a rise in mortgage rates in December, forcing otherwise unsure buyers into the market.

Check out 15 signs the U.S. housing market is headed for a complete and total collapse >

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.