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U.S. January New Home Sales Fall 17.6% to 587,000, Lowest Since October 2022

U.S. January New Home Sales Fall 17.6% to 587,000, Lowest Since October 2022

The January reading came in well below the 722,000 estimate and the previous 712,000 level, marking the weakest new home sales pace since October 2022.

Fact Check
The claim is fully supported by primary financial news reporting on official government data. Reuters and CNBC both report the exact figures: a 17.6% decline to 587,000 units, which is the lowest since October 2022. The previous month's figure (712,000) and the estimate (722,000) also match the claim.
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Terms & Concepts
  • New home sales: A housing-market indicator measuring sales of newly built homes, often used to gauge consumer demand and broader economic conditions.