US Home Sales Rise in December Boosting Housing Market

January 27, 2016 Share Print 0

New U.S. single-family home sales surged in December, the latest indication that the housing sector remains on firmer footing despite a massive stock market sell-off and slowing economic growth.

The Commerce Department said on Wednesday sales increased 10.8 percent to a seasonally adjusted annual rate of 544,000 units. November’s sales pace was revised up to 491,000 units from the previously reported 490,000 units.

Economists polled by Reuters had forecast new home sales edging up to an annual rate of 500,000 units last month.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.