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New Homes Slide Again in December

WASHINGTON - Sales of new homes fell 14.7% in December and were 44.8% below the levels of December 2007, the Commerce Department reported today.

By Claude R. Marx | Updated on January 28, 2009

WASHINGTON – Sales of new homes fell 14.7% in December and were 44.8% below the levels of December 2007, the Commerce Department reported today.

Sales of new homes were at a seasonally adjusted annual rate of 331,000, which projects what the rate would have been had sales been at that level all year. By contrast, the rate for November 2008 was 407,000 new homes sold, compared with 419,000 in October…

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