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.