December new home sales fall in month-to-month, but rise in year-to-year comparisson as long-term trends show further improvement in housing sector.
According to the US Department of Commerce Friday report sales of new single-family homes fell 7.3% to seasonally adjusted 369.000 in December.
Meanwhile, new home sales grew 8.8% compared to the same period in 2012 year.
The November sales data were revised to 398.000 from 377.000 prior.
The median price of new homes rose 1.3% to 248.900 US dollars in December.
The new homes supply grew up to to 4.9 months in December from 4.5 months rate in November.
The median sales price increased 13.9% from the prior year's period. For all 2012, the government estimated that 367.000 new homes were sold, the highest level since 2009. The median sales price for 2012 reached 243.600 dollars, the highest since 2007.