New U.S. single-family home sales race to 10-month high

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New U.S. single-family home sales race to 10-month high

[Reuters - UK Focus] - The Commerce Department said on Wednesday sales rose 10.8 percent to a seasonally adjusted annual rate of 544,000 units, the highest level since February. Sales last month were likely buoyed by unseasonably mild weather and a rise in the supply of homes on the market, which increased choices for buyers. The Fed raised its benchmark overnight interest rate in December, the first rate hike in nearly a decade.

New U.S. single-family home sales race to 10-month high - Yahoo Finance UK
 
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