facebook
twitter
rss
account
search
search
 

New home sales pick up steam in November

Dec. 27, 2012 at 2:51 PM   |   Comments

WASHINGTON, Dec. 27 (UPI) -- Sales of new single-family homes rose 4.4 percent from October to November, the U.S. Commerce Department said Thursday.

Sales rose to a seasonally adjusted annual rate of 377,000 from a revised October rate of 361,000.

Sales also rose 15.3 percent more than the annual rate of 327,000 from November 2011.

The Commerce Department said the average price for a new home sold in November was $299,700, up from $278,900, in October.

The seasonally adjusted estimate of how many new homes were on the market at the end of the month was 149,000, which is 2,000 more than October and represents a 4.7-month supply at the current rate of sales.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
2
New F-35 sustainment system undergoing flight testing New F-35 sustainment system undergoing flight testing
3
Apple to authorities: No iPhone user data, even with a warrant Apple to authorities: No iPhone user data, even with a warrant
4
Scrap South Stream, Europe says Scrap South Stream, Europe says
5
Home Depot says 56M credit, debit cards compromised Home Depot says 56M credit, debit cards compromised
Trending News
Video
x
Feedback