New-home sales droop in December but cap a strong 2017

• January 25, 2018
• realestatelife

New-home sales were at a 625,000 seasonally adjusted annual rate in December, the Commerce Department said Thursday.

Sales of newly-constructed homes swooned in December, and a big jump in November was revised down. December’s rate was 9.3% lower than November, but 14.1% higher than a year ago.
The median forecast, among economists surveyed was for a 680,000 annual rate in December.