New home sales in the USA rose in the third month

New home sales in the USA increased in the third month with the decline in housing loan rates. This showed that the housing segment began to stabilize.

According to the information of the US Department of Commerce, new home sales increased by 2.3 percent in December to 616 thousand units annually. The median claim of economists surveyed by Bloomberg was 612,000.

Average new house prices increased by 7.8 percent compared to the same period of the previous year and became 442 thousand 100 dollars.

The Fed’s aggressive rate hike cycle caused calm in the housing division last year. Sales fell 16.4 percent in 2022. It is expected that the sector will become active with the decrease in housing loan rates.

November data was revised from 640 thousand to 602 thousand.