New Home Sales Down but Trend Is Higher

Sales of new single-family homes declined in December, although the long-term trend remains positive, according to the Commerce Department. Sales of new single-family homes fell 7.3% to a seasonally adjusted annual rate of 369,000 in December. Economists had forecast sales at 385,000 in December. However, sales rose 8.8% from December 2011. November sales were revised up to 398,000 […]