Advertisement

New U.S. home sales down 7 percent in December

WASHINGTON, Jan. 27 (UPI) -- Sales of new one-family homes fell 7 percent from November to December, the U.S. Commerce Department said Monday.

Sales reached a seasonally adjusted annual rate of 414,000, down from the revised November rate of 445,000.

Advertisement

From a year earlier, sales rose 4.5 percent -- in December 2012, the seasonally adjusted annual rate of sales posted was 396,000.

The median sales price of a new home was $270,200 in December, down from November's $270,900.

The department said it would take five months for the inventory of 171,000 new homes on the market to sell at the current rate of sales.

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement