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Jan 31

Supply Of New Homes At 6.1 Months Nationwide

New Home Supply December 2011

New Home Sales slowed into the New Year but the market for newly-built homes remains strong. For home buyers in DC and nationwide, December's New Home Sales report is yet one more signal that the housing market recovery may be underway. According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide. A "new home" is a home that is considered new construction; a home for which the buyer … [Read more...]