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 >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at