New home sales unexpectedly sank to their lowest level since 2022 in January. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 587,000 in January. This represents a 17.6% decline from December’s rate of 712,000 and an 11.3% drop from the previous year. The latest reading was lower […]
The post New Home Sales Sink Nearly 20% to Lowest Level Since 2022 appeared first on ETF Trends.
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