Housing Sales Increased Above Expectations in the US

Housing sales increased above expectations in the US. Housing sales in the country rose by 4.3 percent in January.

The US Department of Commerce has published new home sales statistics for January. New home sales in the US increased by 4.3 percent monthly in January, reaching 923 thousand and performed above expectations. According to the announced data, house sales in the USA increased by 4.3 percent in January compared to the previous month. 923 thousand new houses were sold in the US during the period in question. It was estimated that the housing sales data, which increased above expectations, increased by 2.1 percent and realized as 855 thousand during the period in question. In the US in January, new home sales increased by 19.3 percent compared to the same month of the previous year. In addition, the new housing sales figures for December last year were revised from 842 thousand to 885 thousand. The low interest rates and the increase in demand continued to be effective in the increase in new housing sales. The median sales price of new homes put up for sale in the US in January increased by 5.3 percent compared to last year and reached $ 346,400.