Friday, January 27, 2006

U.S. New Home Sales Rise 2.9% in Decembmer to 1.269 Million Rate

Bloomberg.com: Top Worldwide: "Sales of new U.S. homes unexpectedly increased in December, capping a fifth straight record year for the industry and suggesting job and income growth are keeping the housing market from withering.
Purchases rose 2.9 percent to a 1.269 million annual rate from November's revised 1.233 million pace, the Commerce Department said today in Washington. A record 1.282 million new homes were sold in 2005, and the median selling price in December of $221,800 was down 3.4 percent from a year earlier. "
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