Slight Dip in New Home Sales in December

The U.S. Department of Commerce and the U.S. Census Bureau have jointly announced the new residential sales statistics for December 2019. Sales of new single‚Äźfamily houses in December 2019 were at a seasonally adjusted annual rate of 694,000, according to estimates. This is <-0.4%> below the revised November rate of 697,000, but is 23.0% above the December 2018 estimate of 564,000. An estimated 681,000 new homes were sold in 2019. This is 10.3% above the 2018 figure of 617,000.

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