Despite December Decline, New Home Sales End 2017 Higher

By Michael Neal According to the US Census Bureau and the US Department of Housing and Urban Development, sales of new single-family homes moderated in December 2017, giving back a portion of the gains accrued in November. Over the month of December, sales of new single-family homes fell by 9.3 percent to a seasonally adjusted annual rate of 625,000 following a 15.1 percent… Read More ›

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About Michael Neal

Michael Neal
Michael Neal is a Senior Economist at the National Association of Home Builders based in Washington D.C. In this capacity, Mr. Neal’s research involves monitoring housing finance issues that impact the U.S. housing market. As a housing economist, Mr. Neal has provided expert analysis and commentary on housing to media outlets around the country. Prior to joining NAHB, Michael worked at the Congress’ Joint Economic Committee, the Federal Reserve, the Congressional Budget Office and Goldman Sachs. He holds a B.A. degree in Economics from Morehouse College, an M.P.A. from the University of Pennsylvania.

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