Article updated: 1/25/2013 11:00 AM

U.S. new-home sales fell in Dec., sales for year up

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Sales of new U.S. homes cooled off in December compared with November, but sales for the entire year were the best since 2009. The Commerce Department said Friday, Jan. 25, 2013, that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate, which was the fastest in 2½ years.

Associated Press

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Sales of new U.S. homes cooled off in December compared with November but for the entire year were the best since 2009. The Commerce Department said Friday that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate of 398,000, which was the fastest in 2 ½ years.