US new home sales jump in December as prices fall

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Sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level level in in in in ten ten ten ten months months months months with with with with buyers buyers buyers buyers taking taking taking taking advantage advantage advantage advantage of of of of lower lower lower lower prices prices prices prices in in in in anticipation anticipation anticipation anticipation that that that that interest interest interest interest and and and and mortgage mortgage mortgage mortgage rates rates rates rates will will will will rise rise rise rise this this this this seasonally seasonally seasonally seasonally adjusted adjusted adjusted adjusted sales sales sales sales pace pace pace pace for for for for the the the the month month month month was was was was eight eight eight eight hundred hundred hundred hundred eleven eleven eleven eleven thousand thousand thousand thousand new new new new homes homes homes homes up up up up nearly nearly nearly nearly twelve twelve twelve twelve percent percent percent percent over over over over the the the the previous previous previous previous month month month month which which which which has has has has been been been been revised revised revised revised downward downward downward downward and and and and home home home home prices prices prices prices fell fell fell fell slightly slightly slightly slightly the the the the median median median median was was was was three three three three hundred hundred hundred hundred seventy seventy seventy seventy seven seven seven seven thousand thousand thousand thousand seven seven seven seven hundred hundred hundred hundred last last last last month month month month the the the the lowest lowest lowest lowest level level level level since since since since June June June June but but but but still still still still up up up up about about about about four four four four percent percent percent percent from from from from last last last last December December December December new new new new home home home home sales sales sales sales in in in in general general general general have have have have been been been been declining declining declining declining after after after after the the the the pandemic pandemic pandemic pandemic related related related related burst burst burst burst in in in in the the the the spring spring spring spring of of of of twenty twenty twenty twenty twenty twenty twenty twenty I'm I'm I'm I'm Jackie Jackie Jackie Jackie Quinn Quinn Quinn Quinn sales sales sales sales of of of of new new new new homes homes homes homes have have have have ramped ramped ramped ramped up up up up in in in in recent recent recent recent weeks weeks weeks weeks with with with with buyers buyers buyers buyers expecting expecting expecting expecting the the the the borrowing borrowing borrowing borrowing costs costs costs costs will will will will rise rise rise rise the the the the commerce commerce commerce commerce department department department department says says says says sales sales sales sales of of of of new new new new single single single single family family family family homes homes homes homes rose rose rose rose in in in in December December December December to to to to their their their their highest highest highest highest level level level in in in ten ten ten months months months with with with buyers buyers buyers taking taking taking advantage advantage advantage of of of lower lower lower prices prices prices in in in anticipation anticipation anticipation that that that interest interest interest and and and mortgage mortgage mortgage rates rates rates will will will rise rise rise this this this

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