【World Property Journal】New Home Sales in the U.S. Jump in November

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers' anticipation of future higher mortgage rates.

Sales of newly built, single-family homes in November rose 12.4% to a 744,000 seasonally adjusted annual rate from a downwardly revised reading in October, 2021. New home sales were down 14% compared to a year ago.

read more