New home sales in U.S rose last November, but after a sharp drop in October, and prices continue to rise, according to figures from the Department of Commerce released on Thursday.
In November, 744,000 new units were sold on an annual basis, an estimate of sales for the entire year if the rate observed for one month were to hold for 12 months.
This figure is worse than the 770,000 expected by analysts, although it represents an increase of 12.4% compared to October, for which sales were revised down drastically, with a drop of 8.4%, instead of the increase of 0.4% initially. announced.
Reference-www.eleconomista.com.mx