The Real Deal Miami

New U.S. home sales surge to 8-month high

January 26, 2011 12:01PM

Sales of new U.S. single-family homes rose to their highest level in eight months in December, after surging 17.5 percent over the rate of new home sales recorded the month before, according to the latest report from the U.S. Census Bureau and the Department of Housing and Urban Development. As 2010 came to a close, new homes were selling at an annual rate of 329,000 — 7.6 percent below the December 2009 rate of 356,000 — with a median price of $241,500. Overall, there were 321,000 new homes sold in 2010 at a median price of $221,900. TRD