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/.

WAMU 88.5

Art Beat With Lauren Landau, May 27, 2015

Life is hard, confusing, funny and devastating. You can see two plays that focus on characters who are just trying to figure things out.

NPR

How Dorothea Lange Taught Us To See Hunger And Humanity

Perhaps no one did more to show us the human toll of the Great Depression than Lange, who was born on this day in 1895. Her photos of farm workers and others have become iconic of the era.
NPR

Santorum Hopes To Catch Lightning In A Bottle A Second Time

The former Pennsylvania senator, who won Iowa in 2012, hopes he can do it again. But with a more crowded field, he might find it difficult to stand out.
NPR

How Will The Next President Protect Our Digital Lives?

For the first time in a White House race, the candidates will need a game plan for cyber policy for Day 1 in the Oval Office and will have some tough choices to make.

Leave a Comment

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