Dec
26
Sales of New U.S. Homes Rise to Second-Fastest Pace Since 2008
ByPurchases of new U.S. homes increased in November to the second-fastest pace in almost nine years as the beginning of a spike in mortgage rates persuaded buyers to quickly sign contracts.
Sales rose 5.2 percent to a four-month high of a 592,000 annualized pace, Commerce Department data showed Friday. The median forecast in a Bloomberg survey was for a 2.1 percent gain to 575,000. The advance included the largest gain in the Midwest market since October 2012 and the fastest pace of demand in the West in almost nine years…
Sales of New U.S. Homes Rise to Second-Fastest Pace Since 2008
