New Home Sales Surge in December, Highlighting Market Shifts

Sales of new single-family homes rose **3.6% month-over-month** in December, surpassing expectations, while total **new home sales for 2024 increased by 2.5%** compared to 2023. Housing starts and building permits also reached a **10-month high**, demonstrating sustained demand. With **new construction making up 30%** of all homes for sale, builders may slow new projects as inventory reaches its highest level since 2007. ### **Our Take** Buyers should consider **new construction homes**, which often come with incentives like **mortgage rate buy-downs and brand-new, move-in-ready options**. 📞 **Contact Abdo Pierre Faissal at 310-620-1038** | ✉️ **[email protected]** for expert guidance on the new-home market. facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fnew-home-sales-surge-in-december-highlighting-market-shifts%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fnew-home-sales-surge-in-december-highlighting-market-shifts%2F&text=New+Home+Sales+Surge+in+December%2C+Highlighting+Market+Shifts) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fnew-home-sales-surge-in-december-highlighting-market-shifts%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fnew-home-sales-surge-in-december-highlighting-market-shifts%2F&title=New+Home+Sales+Surge+in+December%2C+Highlighting+Market+Shifts&summary=Sales+of+new+single-family+homes+rose+3.6%25+month-over-month+in+December%2C+surpassing+expectations%2C+while+total+new+home+sales+for+2024+increased+by+2.5%25+compared+to+2023.+Housing+starts+and+building+permits+also+reached+a+10-month+high%2C+demonstrating+sustained+demand.+With+new+construction+making+up+30%25+of+all+homes+for+sale%2C+builders+may+slow+new+projects+as+%5B%E2%80%A6%5D)