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US new home sales move higher in December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/01/2015 (13:09)
According to data compiled by the US Commerce Department, new home sales in the US increased in December following an unexpected decrease in November. Analysts commented that the improved sales figures for December were consistent with a gradually improving housing market.

US new home sales increased 11.6% to reach a seasonally adjusted annual rate of 481,000 units in December compared to downwardly revised figure of 431,000 units in November. Economists’ initial estimates called for a pace of 450,000 units in December, according to a survey conducted by Reuters.

For the entire year of 2014, US new home sales reached 435,000 units compared with 429,000 in 2013.
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