Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes rose 4.4 percent in November and 15.3 percent over the past 12 months to a seasonally adjusted rate of 377,000 units sold, after a downward revision to the October estimate. This represents the highest level of new home sales since April 2010. From October to November, regional sales ranged from a 21.1 percent increase in the South to a 17.8 percent decline in the West. Annually, sales in the Northeast improved 68.8 percent, while the Midwest posted a decline of 5.8 percent. The monthly supply of new homes for sale fell to a 4.7 month supply at the current sales pace. Meanwhile, the median price of new single-family homes rose to 3.6 percent for the month and 14.8 percent since November 2011 to $246,000.