facebook
twitter
search
search

Sales of new homes rose in November

Dec. 23, 2011 at 12:43 PM
| License Photo

WASHINGTON, Dec. 23 (UPI) -- Sales of new single-family homes rose 1.6 percent from October to November, the U.S. Commerce Department said Friday.

Home sales in November came in at a seasonally adjusted annual rate of 315,000. In October, 310,000 new homes were sold, the department said, releasing a revised figure.

The rate of home sales in November came in 9.8 percent above the 287,000 new single-family homes sold in the same month of 2010.

The Commerce Department said the average sale price for a new home sold in October was $242,900.

Going into December, there were 158,000 new homes on the market, a six-month supply at the current rate of sales, the Commerce Department said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Shoot-from-the-hip, around corner sighting capability unveiled
Airbus Helicopters announces factory acceptance of training aircraft
BP upbeat after disappointing second quarter
ESPN cuts ties with Cowherd over remarks about Dominican players
Britain extends Lockheed Martin military inventory contract