Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 2.2 percent in December to a seasonally-adjusted annual rate of 307,000 units. December’s decline ends three consecutive months of gains. Moreover, compared to December 2010, new single-family home sales are down 7.3 percent. Regionally, sales ranged from a 10.1 percent decline in the South to a 46.7 percent increase in the Northeast. The median sales price fell 2.5 percent in December to $210,300 while the average sales price rose 6.3 percent to $266,000. The seasonally adjusted estimate of new single-family homes for sale at the end of December was 157,000 units, representing 6.1 months of supply at the current sales rate.