Sales Of New Homes Fell In December, But Were Up Sharply In 2012 | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

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

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:

"Government data for new home sales are subject to substantial revisions. Indeed, the Commerce Department raised its estimate for sales in November by 22,000 to a 398,000-unit rate, making the pace of sales in November the fastest since April 2010."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Racially-Charged Casting Call: 'Surprising' But Not Shocking To Insiders

A casting call asked for attractive light-skinned women of any race but black women who looked "poor" and "not in good shape." A panel of industry insiders weighs in.
NPR

With Help From America's Test Kitchen, Why Buy When You Can DIY?

Morning Edition host Renee Montagne talks to America's Test Kitchen's Chris Kimball about foods that are easier than you'd guess to make at home. Fresh Nutella or kale chips, anyone?
NPR

Montana Sen. Walsh Says PTSD May Have Played A Role In His Plagiarism

Sen. John Walsh lifted at least a quarter of his United States Army War College master's thesis, according to a report in The New York Times. Walsh was appointed to the Senate in February.
NPR

U.S. Database Glitch Delays Passport, Visa Processing

The problem in the U.S. State Department system could cause problems for millions of people worldwide who are awaiting travel documents.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.