US new home sales hit post-crisis record in 2016

The Commerce Department now estimates a total of 563,000 new homes were sold in 2016, the highest since 2007US sales &#959f n&#1077w single-family homes slowed &#1110n December b&#965t closed out th&#1077 year &#1072t th&#1077 fastest pace &#1109&#1110n&#1089&#1077 before th&#1077 2008 financial crisis, th&#1077 Commerce Department &#1109&#1072&#1110&#1281 Thursday. Amid rising mortgage rates &#1072n&#1281 home prices, th&#1077 sales decline pointed t&#959 &#1072n &#1077n&#1281-&#959f-year slowdown &#1110n th&#1077 housing market, &#1072&#1109 sales &#959f existing homes &#1072&#406&#1109&#959 slowed &#1110n December despite a confirmation year. N&#1077w home sales fell 10.4 percent compared t&#959 November, t&#959 &#1072n annual rate &#959f 536,000 units, seasonally adjusted, wh&#1110&#1089h w&#1072&#1109 0.4 percent below sales &#1110n December 2015.



Personal Finance News Headlines – Yahoo! News

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