NAHB expects sales numbers to climb in months ahead
Sales of newly built, single-family homes fell 7.8 percent in January to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
"New home sales have taken a pause this month, but our builders are reporting confidence in the overall market and future sales conditions," NAHB Chairman Randy Noel, a custom home builder from LaPlace, La., said. "With strong consumer demand for housing, we expect the sales numbers to move forward in the months ahead."