According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
If you plan to buy of new construction in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be improving.
Home builders continue to sell homes and work through inventory.
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.