US new home sales decline in November

US new home sales decline in November

US new home sales decline in November The US property market continues to show weakness this week. Following Monday’s lower-than-expected existing home sales figures, yesterday’s new home sales report was also disappointing. There was a 1.6 per cent drop in new home sales in November compared to a year earlier. Both the supply of new homes and the median price increased by 1.4 per cent in the month.