US new home sales jump in January as market boom continues


Washington (AFP) – New home sales surged again in January, according to government data Wednesday which showed the US housing market boom continues, making it one of a few sectors that have strengthened amid the pandemic. Despite the sales increase prices dipped last month, but strong demand driven by historically low mortgage lending rates is keeping prices higher and the supply of available homes below the pre-pandemic levels, the data showed. Sales of new homes last month jumped 4.3 percent compared to December, to 923,000 at a seasonally-adjusted annual rate — the level sales would hit if…

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