US New Home Sales Rise As Prices Fall, Builders Offer Incentives

Americans bought cookie-cutter, fiber cement boxes at a faster-than-expected rate in December, another exciting update out of the world's largest economy showed. New home sales rose 8% last month, to a 664,000 annual rate. That was brisker than the 649,000 pace 58 economists collectively expected. And yes, that's real: 58 people across the country are being paid handsomely to be wrong every day about macro data releases like new home sales. The month-to-month gain was the best in a year and sn