Bad real estate market data in December

Real estate market data disappoint the market

Real estate market data disappoint the market.

 

New home sales in the United States fell slightly in December compared to November, and were below analyst expectations, according to government data published on Monday.

In December, 694,000 new homes were sold, a 0.4% drop from the 697,000 sold in November (figure adjusted downwards), in data corrected by seasonal variables and in annual rhythm.

Analysts expected about 725,000 new homes sold.

However, compared to December 2018, sales, favored by lower interest rates for real estate loans, increased 23%.

In December 2019, the average price of a new house increased once more to $ 331,400, against $ 330,800 the previous month.

In the United States, new home sales reached a record high in July 2005, at the peak of the housing bubble, with about 1.38 million transactions.

After the financial crisis that resulted from risky real estate loans, the sale of new houses arrived in February 2011 at its lowest historical level with 270,000 new homes sold that month.

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