The U.S. real estate market witnessed a noticeable uplift in December 2024, as new home sales increased significantly to 698,000 units. This represents a notable rise from November's figure of 664,000 units, showcasing a resilient demand in residential housing despite broader economic challenges.
The latest data, updated on January 27, 2025, highlights a continued upswing in the housing sector, buoyed possibly by a combination of favorable mortgage rates, increased consumer confidence, and a gradual stabilization in home prices. The December surge in new home sales suggests a positive trend as the year came to a close, potentially setting an optimistic tone for the housing market entering 2025.
These figures reflect the highest monthly sales since the preceding months, providing a much-needed boost to the U.S. economy during a traditionally slow period in real estate. As the sector moves forward, stakeholders will keenly observe whether this momentum sustains into the new year amid evolving economic conditions and policy landscapes.
