Sales of New Homes Reach Unexpected 5-Year High

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The sales of new construction reached a five-year high in January. The 9.6% increase to a 468,000 annualized pace underlies a strong market, especially considering harsh weather conditions across most of the country.

Sales of New Homes in U.S. Unexpectedly Climb to Five-Year High | Bloomberg

(Image credits: Patrick T. Fallon/Bloomberg)

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Tara is Apartment Therapy's Assistant Editor & Social Media Manager. When not living in 140 characters, you'll find her thrift shopping around Boston, canning, and Instagramming photos of cats.