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US new-home sales fell in Dec., sales for year up

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In this Thursday, Dec. 6, 2012, photo a new home is constructed in Pepper Pike, Ohio. U.S. home construction surges 12.1 percent in December to end best year since 2008. AP/Tony Dejak

Sales of new U.S. homes cooled off in December compared with November, but sales for the entire year were the best since 2009. The Commerce Department says new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That’s down from November’s rate, which was the fastest in 2 ½ years.

Posted: January 25th, 2013 in Latest Business Stories,Photos & Videos | Read More »

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