New residential sales data from the U.S. Census Bureau and the Department of Housing and Urban Development show a sharp rise in the sale of newly constructed homes for the month of December. This is the second month in a row when sales of new homes rose as compared to the sales the previous month and are at the highest rate of sales since March – a nine-month high.
Housing
November Residential Housing Starts at Highest Level in Eight Months
In a new report on residential housing construction by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, overall housing starts in the month of November snapped a three-month slide and took their biggest jump since March of this year. Both the overall construction starts and those for single-family dwellings had their best month in the last eight months. This was a surprise…