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New U.S. Home Sales Down 7 Percent In December

WASHINGTON (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.

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.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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