Today, the
U.S. Census Department released its monthly
New Residential Home Sales Report for December showing sales jumping 11.6% from November and rising 8.8% above the level seen in December 2013 but still remaining near an historically low level with 481K SAAR units.
The monthly supply declined to 5.5 months while the median selling price increased 8.20% and the average selling price increased 17.62% from the year ago level.
The following chart show the extent of sales decline to date (click for full-larger version).
