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US new home sales at highest level in a decade

by ChemOrbis Editorial Team -
  • 25/12/2017 (11:01)
According to the data released by the US Commerce Department, new US single-family home sales grew unexpectedly in November to their highest levels since July 2007.

New home sales rose significantly by 17.5% on a yearly basis to 733,000 units in November after a revised 624,000 in October and outpaced the economists’ estimations.

The larger-than-expected increase in new home sales was mainly driven by an increase in home sales in the West, where sales soared by 31.1% to 194,000 units.
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