The Census Bureau reported on Monday that new home sales in November rose 5.9% to a 664,000 annualized rate. That was a little below but still close to in line with the median estimate of 669,000 in a survey of economists by Bloomberg.
A survey by the National Association of Homebuilders and Wells Fargo showed a gauge of sales in the next six months increased to 66 this month, the highest since April 2022.
US consumer prices rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.
On Tuesday, the Jobs Openings and Labor Turnover Survey (JOLTS) report showed that in October job postings edged up to 7.74 million from 7.37 million in September according to the Labor Department.
US consumer confidence increased in November to the highest level in more than a year on optimism about the economy and labor market.
In a light week for U.S. economic releases, government data showed that housing starts declined in October to the slowest pace in three months.