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New Home Sales Jumped Month Over Month in December

New home sales in December were at a seasonally adjusted annual rate of 811,000, an increase of 11.9% compared with the revised November rate of 725,000 but a decrease of 14.0% compared with December 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Roughly 762,000 new homes were sold in 2021, a decrease of 7.3% compared with 2020.

The median sales price for a new

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