Skip to main content
Friday, January 25, 2013 - 6:15am

Sales Of New Homes Fell In December, But Were Up Sharply In 2012

Updated: 1 year ago.
A "sold" sign outside a home under construction last fall in Peoria, Ill.

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/.