More new single-family homes were sold in December on both a monthly and annual basis, with sales for the entire 2024 up compared to the previous year, according to data from the U.S. Census Bureau.
“Sales of new single-family houses in December 2024 were at a seasonally adjusted annual rate of 698,000,” said a Jan. 27 statement from the agency. This is 3.6 percent higher than the previous month and up 6.7 percent from December 2023. On a monthly basis, home sales were up in the Northeast and the West, declining in the Midwest and South. All four regions posted gains annually.
Overall, an estimated 683,000 new homes were sold last year, up 2.5 percent compared to homes sold in 2023….