US new house sales jump 4.3% in January riding on surging demand

The surge in demand for new homes in America pushed sales of new houses up by 4.3% in January, the Department of Commerce said. This is much higher than what experts expected. Sales of new homes are now 19.3% higher than they were in 2020 at this time. Currently, the housing market is one of the hottest sectors in the economy. However, prospective buyers are facing a shortage of new home listings.

US new house sales jump 4.3% in January riding on surging demand

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