New Home Sales up in December
Jan 31, 2011
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U.S. sales of new single-family houses in December 2010 were up 17.5% from November's revised figure to a seasonally adjusted annual rate of 329,000, according to the U.S. Census Bureau.

The report released by the Census Bureau and the Department of Housing and Urban Development revised the November rate to 280,000. December is down 7.6% from the December 2009 estimate of 356,000.

The median sales price of new houses sold in December 2010 was $241,500; the average sales price was $291,400. The seasonally adjusted estimate of new houses for sale at the end of November was 190,000. This represents a supply of 6.9 months at the current sales rate.

An estimated 321,000 new homes were sold in 2010, a figure 14.2% below the 2009 figure of 375,000.

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