Jan
27

New U.S. Home Sales Surged in December to a 10-Month High

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  • Purchases rose for fourth straight year, strongest since 2007
  • Number of homes sold, not yet started highest in eight years

Purchases of new U.S. homes surged in December to the highest level in 10 months, closing out the best year for housing since 2007.

Sales jumped 10.8 percent last month, the most since August 2014, to a 544,000 annualized pace, a Commerce Department report showed Wednesday. The Bloomberg survey median called for a 500,000 rate. For all of 2015, purchases of new properties climbed 14.6 percent to 501,000…

New U.S. Home Sales Surged in December to a 10-Month High

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