Prospective home buyers arrive to tour a house for sale in Dunlap, Ill. Photographer: Daniel Acker/Bloomberg
Sales of new U.S. homes unexpectedly rose in December after a downwardly revised November reading, as lower mortgage rates and more-affordable properties offered some relief for buyers.
Single-family home sales increased from the prior month to a 621,000 annualized pace, according to a government report Tuesday that was delayed more than a month by the partial government shutdown. While that's above the median analyst estimate, the November figure was revised down by 58,000, and October's reading was also lower than previously reported.
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