December US home sales fall m/m, still strong

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The number of home sales handled in the United States fell by 4.9 percent in December compared to a month earlier. The American branch association of brokers reported this.

It is the largest decrease since May 2010, partly because fewer homes were put up for sale. On average, economists had expected an increase in the number of provisional sales by 0.5 percent. In November these upcoming home sales went up by 1.2 percent.

On an annual basis, provisional home sales increased by 6.8 percent, after an increase of 5.6 percent in the previous month.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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