Tag Archives: Seasonal factors lift new home sales considerably

Sales of new single-family homes picked up considerably in January at a seasonally adjusted annual rate of 437,000 sales, 15.6% above the revised December rate of 378,000 units. The latest number topped market expectations for 381,000 sales, according to analysts at Econoday. Typically, large seasonal factors can boost home sales numbers during winter months. January sales are 28.9% above the January 2012 estimate of 339,000 units, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The median sales price of new homes sold in January […]