Census Report: New Home Sales Up Double-Digits in January But Supply Remains Constrained
The U.S. Census Bureau released its monthly update on new residential home sales on February 26, reporting that new single-family home sales increased 18.6% from the year-ago period in January, and increased 8% from December, on a seasonally adjusted level.
At a seasonally adjusted rate of 764,000 units, January represents the best new-home-sales month since 2007, coming in well-above expectations by most in the housing industry.
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Source Fool.com
