Reported about 21 hours ago
New-home sales in the US saw a notable rebound in November, climbing 5.9% to an annualized rate of 664,000 as builders and buyers capitalized on sales incentives previously hindered by storms in the South. The increase is particularly strong in the South, recovering nearly 14%, while the Midwest also saw sales grow at the fastest pace since 2021. However, concerns loom over high borrowing costs and declining interest from Wall Street in the housing sector.
Source: YAHOO