New home sales in the United States saw a significant increase in December, climbing 3.6% month-over-month to reach an annual rate of 698,000. This figure surpassed the consensus estimate of 672,000 and was an improvement over November’s revised rate of 674,000. The U.S. Census Bureau reported these statistics on Monday. Additionally, sales of new single-family houses jumped by 6.7% compared to the previous year.
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