Group 1 - New home sales in the U.S. decreased by 1.7% to a seasonally adjusted annualized rate of 745,000 units in December, following an increase to 758,000 units in November from 656,000 in October [1][6] - Year-over-year, new home sales rose by 3.8% in December [1][6] - The average rate on the 30-year fixed-rate mortgage fell to 6.01%, the lowest since September 2022, down from 6.09% the previous week [6] Group 2 - New housing inventory declined to 472,000 units in December from 485,000 units in November, with the inventory of homes under construction at its lowest in nearly 4.5 years [2][6] - At the current sales pace, it would take 7.6 months to clear the supply of new houses on the market, a slight decrease from 7.7 months in November [2][6] Group 3 - The median price of new houses increased by 4.2% to $414,400 in December compared to the previous year [3][6]
US new home sales fall in December; inventory declines
The Economic Times·2026-02-21 09:27