New Home Sales Up 11.9% in December

The U.S. Government is reporting that sales of new single-family houses in December, 2021 were at a seasonally adjusted annual rate of 811k, which is 11.9% higher than November’s revised rate but is 14% lower than one year ago. The median sales price of new houses sold in December was $377,700 with an average sales price of $457,300. There were an estimated 403k new houses for sale at the end of December representing a 6-month supply at the current sales rate. Continue reading HERE...