Purchases of new homes in the U.S. surged in December to the highest level in 10 months, closing out the best year for housing since 2007.
Sales jumped 10.8 percent last month to a 544,000 annualized pace, a Commerce Department report showed Wednesday. The Bloomberg survey median called for a 500,000 rate. For all of 2015, purchases climbed 14.6 percent to 501,000.
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