New home sales in the Northeast led a national month-over-month decrease last month. While opinions vary on why sales were down, the outlook is optimistic. The supply of new homes for sales was the greatest since 2014.
The sale of new single-family houses numbered a preliminary 44,000 during all of January. That turned out to be the fewest units sold since there were 38,000 in December 2016.
Last month’s new U.S. home sales worked out to a seasonally adjusted annual rate of 593,000, tumbling from an upwardly revised 643,000 in December 2017.
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From:: Financing