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

[Purveyor]

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