January New Home Sales Soar 15.6%, December Better than First Reported

Posted To: MND NewsWire

New home sales in January jumped to a seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the December number of 378,000 and a 28.9 percent increase compared to January 2012 when sales were at a rate of 339,000. The December figure was originally reported as 369,000 which had been an -8.8 percent drop from the previous month. According to the new home sales report issued this morning by the Census Bureau and the Department of Housing and Urban Development, sales rose on both a monthly and an annual basis in all four regions . The monthly and yearly increases were 27.6 percent and 54.2 percent in the Northeast; 11.1 percent and 13.6 percent in the Midwest; 3.2 percent and 16.6 percent in the South and 45.3 percent and 60.3 percent in the West. The median sales price of new…(read more)

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