New home sales in the US fell below expectations

1 min read

Although new home sales in the US increased by 1.5 percent on a monthly basis to 661 thousand in January, it failed to meet market expectations.

The US Department of Commerce announced new home sales statistics for January.

Accordingly, seasonally adjusted new home sales in the country increased by 1.5 percent in January compared to the previous month and rose to 661 thousand.

New home sales, which were below market expectations, were expected to be 680 thousand in this period.

New home sales increased by 7.2 percent to 651 thousand in December last year. New home sales in the country increased by 1.8 percent in January compared to the same period last year.

The median sales price of new homes sold in the US last month also increased by about 1.8 percent on an annual basis to 420 thousand 700 dollars.


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