New Home Sales Spike To 8 Year Highs, Prices Tumble To 7-Month Lows
January 27, 2016 at 10:52 AM EST
Following existing home sales post-regs change spike, new home sales (after 9 months of missed expectations) soared 10.8% in December to a seasonally-adjusted annualized rate of 544k (smashing expectations of just 500k).
