New US Home Sales Soar As Prices Plunge Most Ever

New US home sales surged in January and supply shrank, according to volatile data released on Friday. The 670,000 annual rate reported by the Commerce Department outstripped the highest estimate from five-dozen economists. The range was 340,000 to 664,000. It marked the briskest pace since March, and ostensibly suggested a combination of builder incentives and lower rates helped lure buyers back to what remains a very forbidding market. That said, the gain was entirely attributable to the Sout

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “New US Home Sales Soar As Prices Plunge Most Ever

NEWSROOM crewneck & prints