Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
U.S. new home sales fall for second straight month in November
http://www.reuters.com/article/2014/12/23/usa-economy-newhomes-idUSL1N0U61U220141223Dec 23 (Reuters) - Sales of new U.S. single-family homes fell for a second straight month in November, a sign that the housing market recovery remains fragile.
The Commerce Department said on Tuesday that sales declined 1.6 percent to a seasonally adjusted annual rate of 438,000 units. October's sales pace was revised down to 445,000 units from 458,000 units.
Economists polled by Reuters had forecast new home sales rising to a 460,000-unit pace last month.
New home sales, which account for about 8 percent of the housing market, tend to be volatile month to month. Compared to November last year, sales were down 1.6 percent.
