US New Home Sales Surge âšī¸
US new single-family home sales surged 10.9% to 743,000 units, reaching a six-month high despite high mortgage rates, with significant regional variations in sales and median home price increasing to $407,200.
Unexpected robust housing market performance indicates potential economic resilience, with strong sales in South and Midwest regions suggesting underlying market strength despite high interest rates. Signals potential positive momentum for real estate and related sectors.