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U.S. new-home sales fell in December, up for year

By The Associated Press

This article was published January 25, 2013 at 11:23 a.m.

WASHINGTON — Sales of new U.S. homes cooled off in December compared with November but for the entire year were the best since 2009.

The Commerce Department said Friday that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That’s down from November’s rate of 398,000, which was the fastest in 2 1/2 years.

For the year, sales rose nearly 20 percent to 367,000. That’s the most since 2009. Sales are still below the 700,000 level that economists consider healthy.

Read more in Saturday's Arkansas Democrat-Gazette.

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