The Census Bureau reports that New Home Sales rose 3.7% in December to an annual rate of 621,000 units, a seven-month high and above the 572,000 expected. Sales were down 2.4% from December 2017 to December 2018 while sales for November were revised lower to 599,000 from 657,000. The Northeast saw a 44.8% gain in New Home Sales, a 5% increase in the South, up 1.4% in the West and down 15.3% in the Midwest. The median sales price fell to $318,600 from $343,300 in December 2017.
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