Despite a month-over-month decline in new home sales, annual activity ascended, and the supply of homes for sale expanded.
During the final month of last year, there were a preliminary 38,000 new U.S. single-family residence sales that closed.
Even though sales slowed from an upwardly revised 42,000 a month earlier, activity picked up from 38,000 a year earlier.
Source: Mortgage Daily
