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US new home sales up in 2023, boosted by limited existing supply
US new home sales up in 2023, boosted by limited existing supply
Economy
by  AFP

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated. Key factors encouraging buyers, according to analysts, were a dip in mortgage rates at the end of last year as well as the continued lack of supply in the existing home market.