Even though newly built homes sold in record-low numbers last
year - raw estimates place the figure at 302,000 units - the fourth
quarter showed signs of improvement that could be an effective
jumping-off point for 2012 sales.
The 2.2 percent decline in new home sales, to a seasonal
adjusted rate of 307,000 units, followed three consecutive months
of gains, so even though the year ended on a down note, the market
had showed signs of improvement throughout most of the fourth
quarter. Still, compared to 2010 levels - 323,000 units - new home
sales dropped by 6.2 percent last year.