New home sales in US post surprise jump in November

AFP/Isabel Infantes

But sales of new single-family houses jumped 5.8 percent to an annual rate of 640,000 in November, seasonally adjusted, said the Commerce Department. The market for new homes is smaller than that of existing homes in the United States, which has seen sales decline for a record 10 straight months.

Source: Loan Digest (loandigest.net)

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