Sales of New Homes Fell in December, but the Future Looks Bright for the Home-Building Industry

fstop123/iStockThe numbers: Sales of newly-constructed homes in the U.S. dropped 0.4% on a monthly basis in December to a seasonally-adjusted annual rate of 694,000, the government reported Monday. That’s compared with a seasonally-adjusted pace of 697,000 set in November, which was revised downward from the original report released last month. Because of the sample size of the...

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