US new home sales fall in December; inventory declines
The Economic Times·2026-02-21 09:27
New home sales dropped 1.7% to a seasonally adjusted annualized rate of 745,000 units, the Commerce Department's Census Bureau said on Friday. Sales increased to a rate of 758,000 units in November from 656,000 in October. The data was delayed by last year's shutdown of the government. New home sales account for a small share of U.S. home sales and tend to be volatile on a month-to-month basis. They are counted at the signing of a contract. New home sales advanced 3.8% on a year-over-year basis in De ...