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US reports 8.8% y/y rise in Dec new home sales  Join our daily free Newsletter

MENAFN - 27/01/2013

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(MENAFN) The US Commerce Department stated that in December, sales of new houses rose by 8.8 percent from 2011's same period, reported Xinhua News.

Nevertheless, from a month before, sales of new single-family homes fell by a seasonally adjusted annual rate of 7.3 percent to 369,000 units.

The average sales price of new houses rose to USD248,900 in the month from USD245,600 in November.

In December, the seasonally adjusted estimate of new houses for sale was 151,000 units, which indicates a supply of 4.9 months at the existing sales rate.

As for the whole year of 2012, around 367,000 new homes were sold, representing an increase of 19.9 percent from the 306,000 posted in 2011.

 






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