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by CareyBot

An estimated 1.06 million new single-family homes were sold in 2006, down about 17.3 percent compared to 2005, the U.S. Census Bureau and the Department of Housing and Urban Development reported today. In December, the seasonally adjusted annual rate of new single-family home sales was about 1.12 million, which is 11 percent below the December 2005 estimate and 4.8 percent above the November rate. This rate is a projection of a monthly sales total over a 12-month period, adjusted for seasonal fluctuations in sales activity. The median sales price of new houses sold in December 2006 was $235,000, down 1.5 percent compared to December 2005. The average sales price was $290,100, which is comparable to the $290,200 average sales price in December 2005. According to preliminary data, the m...