Mortgage Industry News
« Return to Mortgage Industry News
2014 New Home Sales 1.2 Percent Higher than 2013
Tuesday, January 27, 2015
New Home Sales in December scored a big increase over
November’s figures according to a joint Census Bureau, Department of Housing and
Urban Development report issued today.
Sales on a seasonally adjusted annual basis increased by 11.6 percent
from November. December sales were estimated
at a rate of 481,000 units compared to a November estimate of 431,000
units. This was a downward revision from
units originally reported. December
sales were 8.8 percent above sales in December 2013, estimated at 442,000
On an unadjusted basis there were 34,000 newly constructed
homes sold compared to 30,000 the previous month and 31,000 in December 2013.
Read Full Article