2014 New Home Sales 1.2 Percent Higher than 2013

By Jann Swanson

Posted To: MND NewsWire

Normal 0 false false false EN-US X-NONE X-NONE New Home Sales in December scored a big increase over November’s figures according to a joint Census Bureau, Department of Housing and Urban Development report issued today. Sales on a seasonally adjusted annual basis increased by 11.6 percent from November. December sales were estimated at a rate of 481,000 units compared to a November estimate of 431,000 units. This was a downward revision from the 438,000 units originally reported. December sales were 8.8 percent above sales in December 2013, estimated at 442,000 units. On an unadjusted basis there were 34,000 newly constructed homes sold compared to 30,000 the previous month and 31,000 in December 2013. There were an estimated 435,000 new homes sold over the course of 2014. This is an…(read more)

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