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Fri Jan 25, 2013, 11:36 AM

Sales Of New Homes Fell In December, But Were Up Sharply In 2012

Source: NPR

Though there was a 7.3 percent drop in sales of new homes in December from November, sales were up a healthy 8.8 percent from December 2011, the Census Bureau and Department of Housing and Urban Development report.

Homes sold at a annual rate of 369,000 last month.

Over the whole year, the agencies estimate, there were 367,000 new homes sold up 19.9 percent from the 306,000 sold in 2011.

Reuters says that despite the dip in December from November, housing "still appears set to be a bright spot in the country's economic recovery." And, it notes that:

Read more: http://www.npr.org/blogs/thetwo-way/2013/01/25/170249488/sales-of-new-homes-fell-in-december-but-were-up-sharply-in-2012

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