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New Home Sales Up 4.3% in January vs. 2.1% Expected

The New home sales in the US increased 4.3% in January at a seasonally adjusted annual rate of 923,000, data released jointly by the US Census Bureau and the Department of Housing and Urban Development on Wednesday showed.

This reading followed the December increase of 5.5% (revised from 1.6%) and was better than the market expectation of 2.1%.

“The Median sales price of new homes sold in January 2021 was $ 346,400. The median sale price was $ 408,800, “according to the publication.

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