U.S. New Home Sales Fell in December

By FeaturesDow Jones Newswires

U.S. new-home sales fell in December from the previous month.

Purchases of newly built single-family homes--a relatively narrow slice of all U.S. home sales--decreased 9.3% to a seasonally adjusted annual rate of 625,000 in December, the Commerce Department said Thursday.

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Economists surveyed by The Wall Street Journal had expected sales to fall 7.2% in December to a 680,000 annual rate.

A copy of the full report is available at: http://www.census.gov/construction/nrs.

Write to Sarah Chaney at sarah.chaney@wsj.com

(END) Dow Jones Newswires

January 25, 2018 10:16 ET (15:16 GMT)

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