US December new home sales 842K vs 870K expected

• Prior was 841K (revised to 829K)
• Sales still up 17.2% y/y
• Sales +1.6% m/m
• New home supply at 4.3 months vs 4.2 months prior
• Prices +8.0% y/y to $355,900

This is a hiccup in a hot market. It’s not the home-buying season and home builders, including DR Horton this week have talked about high interest and offering almost no incentives to buyers.