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New Home Sales Pull Back Slightly in December; Year-Over-Year Gains Continue

Monday, January 27, 2020

A lot of expectations and optimism were probably dashed by the December report on new home sales from the Census Bureau and Department of Housing and Urban Development. Analysts were expecting sales to build on the November seasonally adjusted annual estimate of 719,000 units which was an increase of 1.3 percent from October. Indeed, every prediction from those polled by Econoday was at that level or higher, with a consensus of 728,000 units. Instead, not only did the number fail to reach the bottom of that range, but November's number was revised down substantially.

iods while sales in the West soared by 31.0 percent and 99.2 percent.

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We appreciated how much Sara was willing to meet with us either on the phone or in person. She was a knowledgeable and caring person to help us without first home mortgage loan. Even though I had a million questions she actively listened and explained her answer. She is a magnificent person and I would love to share with family and friends our great experience with her. I definitely gave her a hug before we left the lawyers office signing for our house and thanked her for keeping this mortgage process smooth.
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