Wednesday, January 11, 2012

New-Home Sales Rise for Third Consecutive Month in November

NAHB- National Association of Home Builders Article. See the full article online at www.NAHB.org

December 23, 2011 -
Sales of newly built, single-family homes edged up 1.6 percent to a seasonally adjusted annual rate of 315,000 units in November, according to newly released figures by the U.S. Commerce Department. This marks the third consecutive monthly gain in new-home sales and the fastest pace of such activity since April.

“With today’s report, we have now seen three straight months of modest gains in sales, starts and builder confidence in the market for new single-family homes,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev...

See the full article online at www.NAHB.org