US New-Home Sales Rise After Downward Revisions to Past Months
- Purchases climbed 1.5% in January to 661,000 annual pace
- Median sales price fell again as supply continued to climb
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Sales of new homes in the US edged higher in January as builders and buyers capitalized on lower mortgage rates at the start of the year.
Purchases of new single-family homes increased 1.5% to a 661,000 annual pace after the prior three months were revised lower, government data showed Monday. The median forecast in a Bloomberg survey of economists called for a rate of 684,000.