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New Home Sales increase to 764,000 Annual Rate in January

The Census Bureau reports New Home Sales in January were at a seasonally adjusted annual rate (SAAR) of 764 thousand.

The previous three months were revised up, combined.

“Sales of new single‐family houses in January 2020 were at a seasonally adjusted annual rate of 764,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.9 percent above the revised December rate of 708,000 and is 18.6 percent above the January 2019 estimate of 644,000.”
emphasis added

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