New Home Sales Declined In December 2009

The U.S. Census Bureau reported a seasonally adjusted annual rate of 342,000 New Home Sales in December 2009. That is 8.6% below the December 2008 estimate of 374,000. New Home Sales will be hurting in 2010 with foreclosures expected to peak sometime this year.

This chart shows the monthly new home sales that is not seasonally adjusted.

Chart Source: CalculatedRiskBlog.com

Share on Facebook

Tags: Housing Market

This entry was posted on January 27, 2010 at January 27, 2010 and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed.