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

This Weekend, Navigate The Changing World Of 'Vikram Lall'

M.G. Vassanji's book, The In-Between World of Vikram Lall, wrestles with questions of identity in a story about a young Indian boy coming of age in 1950s Kenya, a time of great political unrest.
NPR

No Resume? Criminal Background? No Problem At This Yonkers Bakery

Social justice is part of the recipe at New York's Greyston Bakery. The firm, whose clients include Ben & Jerry's, hires locals whose legal status or work history might otherwise make them unhirable.
NPR

Senate Blocks Measures To Extend NSA Data Collection

The Senate worked late into the night but was not able to figure out what to do about expiring provisions in the Patriot Act that authorize the NSA's bulk collection of Americans' phone records.
NPR

The Future Of Cardiology Will Be Shown In 3-D

The Living Heart Project aims to create a detailed simulation of the human heart that doctors and engineers can use to test experimental treatments and interventions.

Leave a Comment

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