New single-family home sales down

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Sales of new single-family homes were down 11.2 percent in January from a month earlier, according to a report from the U.S. Census Bureau and the Department of Housing and Urban Development released today (see report below). The Northeast saw a 35 percent decrease in new-single family home sales, the largest for any region from December 2009 to January 2010. The South decreased 9 percent, the West 11 percent and the Midwest had a slight increase of 2 percent. The national seasonally-adjusted annual rate was 309,000, down from December’s 348,000 and 6.1 percent below the previous January estimate. The median sales price of new houses sold last month was $203,500, and the average sales price was $245,500. TRD Census Data