New Home Sales Rise

New Home Sales for December increased to a 329,000 annual pace, following a revised 280,000 pace in November. Over the year New Home Sales are down 7.6% from 356,000 in December of 2009. The median sales price was $241,500 and the average sales price was $291,400. The estimate of new houses for sale at the end of December was 190,000, representing a supply of 6.9 months at the current sales rate.

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.