Ekonomické zprávy

U.S. new home sales decline 4.5 percent in January

The U.S. Commerce Department reported on Thursday that the sales of new single-family homes went down 4.5 percent m-o-m to a seasonally adjusted annual rate of 801,000 units in January 2022.

Economists had projected the sales pace of 806,000 last month.

The December 2021 sales’ pace was revised up to 839,000 units from the initially reported 811,000 units. This was the highest reading since March 2021 (873,000).

According to the report, new home sales in the South, the largest area, plunged 7.4 percent m-o-m in January. In addition, new home sales in the Northeast tumbled 10.7 percent m-o-m and those in the Midwest decreased 3.7 percent m-o-m. In the meantime, new home sales in the West rose 1.2 percent m-o-m last month.

In y-o-y terms, new home sales plumped 19.3 percent in January.

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