New home sales rise in November

New home sales rise in November
Sales of new single-family houses rose 1.6 percent in November to a seasonally adjusted annual rate of 315,000, according to estimates released jointly today by the U.S. Census Bureau and the Dept. of Housing and Urban Development.

The median sales price of new houses sold in November was $214,100; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of November was 158,000. This represents a supply of 6 months at the current sales rate…

 

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