Open Demo Account
Home / Market Update / US New Home Sales Drop in November

US New Home Sales Drop in November

M. Ali 23 December, 2020 8:03 pm Market Update

New home sales in the United States declined during the month of November, data by the US Department of Commerce showed on Wednesday.

New home sales decreased by 11% to a seasonally adjusted annual rate of 841,000 units last month.

The October reading was revised to 945,000 units from a previously estimated 999,000 units.

Meanwhile, new home sales increased by 20.8% on an annual basis.

Tags

Check Also

German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns

German industrial production showed a stronger-than-expected rebound in May, driven by the automotive sector and …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends