January U.S. Home Sales Up

U.S. sales of new single-family homes in January were at a seasonally adjusted annual rate of 670,000, growing 7.2% from December 2022 but 19.4% lower than the comparable month in 2022.

The seasonally adjusted estimate of new homes for sale at the end of January was 439,000, representing a 7.9-month supply at the current sales rate. See U.S. Census Bureau

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