Newly released economic data showed that new home sales in the United States rose last month after falling, according to revised data in the previous month, due to the effects of mortgage interest rates on housing demand.

Newly released economic data showed that new home sales in the United States rose last month after falling, according to revised data in the previous month. The U.S. Commerce Department reported that single-unit housing sales fell 8% in December to an annualized rate of 664,000, after falling 9% in November to an annualized rate of 615,000 units, according to revised data.

Analysts had expected a decline in the previous month due to the effects of mortgage interest rates on housing demand.

Analysts had expected a decline in the previous month due to the effects of mortgage interest rates. Analysts had expected sales to rise last month by 91.3TP3T to an annualized 645,000 units, up from 590,000 units in the previous month according to preliminary data.

Analysts had expected sales to rise last month by 91.3TP3T to an annualized 645,000 units. The monthly increase in new home sales came partly thanks to strong growth in the Northeast where sales increased by 32% to an annualized equivalent of 33,000 units, while sales in the South increased by 101.6TP3T and in the Midwest by 91.2TP3T, while sales declined by 31.4TP3T.

Sales in the South increased by 101.6TP3T and in the Midwest by 91.2TP3T, while sales declined by 31.4TP3T. The Commerce Department report indicated that the average sales price of new homes last month was $413,000 per unit, down 3% from last November when it was $426,000, and down 131.8TP3T from the same month last year when it was $479,000 per unit.

The Commerce Department report indicated that the average sales price of new homes last month was $413,000 per unit, down 3% from last November when it was $426,000, and down 131.8TP3T from the same month last year.