U.S. New Home Sales Surge in November: Housing Stocks in Focus

Last week, the Census Bureau and the Department of Housing and Urban Development jointly announced that sales of new residential houses jumped significantly in November 2017. According to the data, 733,000 new single-family houses were sold in November, 17.5% above the revised rate of 624,000 in October and 26.6% above the year-ago estimate of 579,000.

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Source: Nasdaq

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