2011 New Home Sales Fall To Record Low

Posted By on January 26, 2012

Negative demographics as far as the eye can see. and it’s reflected in the median price for new homes, which just dropped from $215,700 to $210,300.

According to the Census Bureau (not NAR data), December New Home Sales declined from 321K to a seasonally adjusted annualized rate of 307K in December, on expectations of a rise to 321K from last month’s revised 315K. On a non-seasonally adjusted basis the U.S. sold a whopping 21K homes, the lowest since January 2011. According to Bloomberg, the 2011 number of 302K sales is the lowest on record.

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