US new home sales rise in November below estimate
Sales estimated to come in at 770,000
By Ovunc Kutlu
ANKARA (AA) - New home sales in the US increased in November below the market estimate, according to a report by the Census Bureau and the Department of Housing and Urban Development on Thursday.
Sales of new single‐family homes came in at a seasonally adjusted annual rate of 744,000, which was a 12.4% increase from the revised October rate of 662,000.
New home sales, which shows the number of new single-family homes sold, was estimated to come in at 770,000.
The November figure was 14% below the same month last year when sales stood at 865,000, according to the report.
The median sale price of new homes was $416,900, while the average sales price was $481,700.
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