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AMERICAS OIL: US Dec. New Home Sales Rose to 698k, Above Est.--BBG

AMERICAS OIL

US Dec. New Home Sales Rose to 698k, Above Est.--BBG

  • Dec. new home sales rose 3.6% to 698,000 annual rate, Census Bureau data show.
  • Forecast range 650k-720k from 44 estimates, median 675k
  • New home sales rose 24k in Dec. from prior month
  • Houses for sale in Dec. rose 1.2% m/m to 494,000
  • Months’ supply at 8.5 in Dec. compared to 8.7 prior month
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US Dec. New Home Sales Rose to 698k, Above Est.--BBG

  • Dec. new home sales rose 3.6% to 698,000 annual rate, Census Bureau data show.
  • Forecast range 650k-720k from 44 estimates, median 675k
  • New home sales rose 24k in Dec. from prior month
  • Houses for sale in Dec. rose 1.2% m/m to 494,000
  • Months’ supply at 8.5 in Dec. compared to 8.7 prior month