The December increase still fell short of analyst projections, while November’s skid was revised even lower, from 841,00 to 829,00.
The November rate was down 12.6% from October.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 18 seconds
New Home Sales Rebound to 842,000 in December
After a steep fall in November, new home sales increased in December to a seasonally adjusted annual rate of 842,000, according to Commerce Department data. So reports the Associated Press.
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