The U.S. Census Bureau this morning released data on new single-family home sales for December. Sales fell 7.3% to a seasonally adjusted annual rate of 369,000 from a revised November sales figure of 398,000. Economists had been expecting a seasonally adjusted annual rate of 388,000. The December rate is 8.8%, above the rate for December 2011. At the peak in 2005, new home sales posted a seasonally adjusted annual rate of nearly 1.4 million.
The Census Bureau also reported that the median sales price for new homes sold in December was $248,900, about 1% above the November median, and the average sales price was $304,000, up about 1.4% from November. In November, the median sales price for a new house was $246,200 and the average sales price was $299,700.
At the end of December, the number of new homes for sale totaled 151,000, a supply of 4.9 months, up slightly from an inventory totaling 149,000 at the end of November.
For the full year, the Census Bureau estimates new home sales totaled 367,000, up 19.9% over sales of 306,000 in 2011.
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.