SUBSCRIBERS
US new home sales dive 11% in November
Published Thu, Dec 24, 2020 · 09:50 PM
Washington
SALES of new US single-family homes fell more than expected in November, but the housing market remains underpinned by historically low mortgage rates.
New home sales tumbled 11 per cent to a seasonally adjusted annual rate of 841,000 units last month, the Commerce Department said on Wednesday. October's sales pace was revised down to 945,000 units from the previously reported 999,000 units.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand