November 2012 New Home Sales Improve
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December 27, 2012 - 10:21am
Written by John Lounsbury and Steven Hansen
New home sales data for November 2012 was good, and better than last month's data.
New home sales are growing at double digits year-over-year;
This sector is still clearly in recovery (it has a long way to go to be "in expansion");
The trend lines for this sector are now flat (the rate of growth is now constant for much of 2012).
sales up 1.4% month-over-month
year-over-year sales up 17.4%.
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