(ABM FN-Dow Jones) More new single-family homes were sold in the U.S. in December than in the previous month. This emerged from data from the US Commerce Department on Thursday.
The number of new single-family homes was up 8.0 percent on a monthly basis to 664,000 units for the year. In November, sales fell 9.0 percent.
The average sales price in December was $487,300.
On a year-over-year basis, the number of homes sold in December rose 4.4 percent. And in 2023, 668,000 new US homes were sold. This is 4.2 percent higher than in 2022.
Source: ABM Financial News
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Herb Brewer is a contributor at Houstonian Online, writing about news, politics, business, technology, sports, entertainment, and lifestyle topics. He is committed to delivering clear, balanced, and informative content that keeps readers updated on current affairs, important developments, and stories relevant to everyday life.