New Home Sales Sink 10.5% in January; Below Forecast
New home sales fell more than expected while prices jumped to a two-year high last month. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 657,000 in January, below the 679,000 forecast. This represents a 10.5% decline from December’s upwardly revised rate of 734,000 and a 1.1% drop [...] The post New Home Sales Sink 10.5% in January; Below Forecast appeared first on ETF Trends.
New home sales fell more than expected while prices jumped to a two-year high last month. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 657,000 in January, below the 679,000 forecast. This represents a 10.5% decline from December’s upwardly revised rate of 734,000 and a 1.1% drop [...]
The post New Home Sales Sink 10.5% in January; Below Forecast appeared first on ETF Trends.
