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U.S. Commerce Department: New home sales rise in January for Northeast

Sales of new single-family homes in the Northeast in January rose 15.8 percent to 44,000, according to the U.S. Commerce Department. December’s revised annual rate was 38,000.

Nationally, new home sales were at a seasonally adjusted annual rate of 555,000, 3.7 percent above the revised December rate of 535,000. This is 25.4 percent above the January 2016 estimate of 526,000.

To read the entire U.S. Commerce Department press release, click here.