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, July 22

This weekend you can see two classic operas about sex, jealousy and drama or sit down for a children’s theater performance that takes a lighter look at love.

WAMU 88.5

Two Chicken Megafarms Proposed In Delaware

Delaware is already a big state for the poultry industry, but proposals for two new megafarms could take things to the next level.

NPR

U.S. Appeals Courts Issue Conflicting Decisions On Obamacare Subsidies

One panel threw out subsidies in the 36 states that did not set up their own insurance exchanges. Another said the IRS rule that set them up was legal.
NPR

Tweeting From A Conflict Zone: Does It Help Or Hurt News Reporting?

As Gaza, Ukraine and Syria trend on Twitter, has social media changed the way conflicts are covered? Host Michel Martin finds out from reporter Anne Barnard and Peter Bouckaert of Human Rights Watch.

Leave a Comment

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