New Home Sales Drop in December

New single-family home sales fell in December, posting an annual rate of 536,000, 10.4 percent below the prior month’s figure, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The median new home sold price was $322,500, while the average list price was $384,000. The estimate for new home inventory in December was 259,000, a 5.8 month-supply.
“While attention on today’s disappointing report is quickly focusing on the impact of the D