New home sales across the United States surged to 468,800 in January, a five-and-a-half-year high

New home sales across the United States surged to 468,800 in January, a five-and-a-half-year high The Department of Commerce announced on Wednesday that the sales of new homes in the United States in January were 468,000...

Sales of new homes across the United States surged to 468,800 in January, a five-and-a-half-year high. The Department of Commerce released a report on Wednesday saying that sales of new homes across the United States in January were 468,000, an unexpectedly large increase and the highest level in more than five years. According to data from the Ministry of Commerce, the total number of new home sales in January reached an annualized rate of 468,000 units, a new high since July 2008, far exceeding market expectations of 401,000 units, and the difference from expectations was the largest in 13 months. Among them, the annual sales of new homes in the Northeast, which was hit by the blizzard, was 33,000, a 73% month-on-month increase, the largest since June last year. New home sales in the southern region, which suffered from rain and snow, also increased by 10.4%, which was also a new high in the past five years. In addition, sales in the western region increased by 11%, but sales in the central and western regions decreased by 17.2%. The median sales price of new homes was 260,100 yuan, down 2.2% month-on-month to the lowest since August last year. However, it rose 3.4% year-on-year, and the momentum for rising house prices has significantly weakened. At the same time, the supply of new homes nationwide fell to 4.7 months in January, down from 5.2 months in December. After the report was released, the 10-year government bond yield fell 1 basis point to 2.69%, and the three major stock indexes rose slightly. In addition, the S&P/Case-Shiller House Price Index released on Tuesday showed that house prices in the 20 largest cities in the United States rose by 13.4% in December last year compared with a year ago, but the growth rate was not as good as the 13.7% increase in November. It was the first deceleration since June last year, and has continued to slow down, indicating that rising mortgage interest rates and the harsh winter have depressed housing market buying sentiment in the past few months. Among them, Miami had the largest increase of 1.2%, followed by Detroit and San Francisco with 1.1%; Cleveland was the only city where house prices fell, and New York increased by 0.6%. For more real estate news, please contact Goldtrust Realty Tinna Tel: 480-287-0180 E-mail: goldtrustrealty2010@ gmail.com