New Single-Family Homes Sales Near 5-Year High

Washington, DC, Dec. 26, 2013 -- Sales of new single-family homes fell last month but were still close close to the fastest rate since 2008, according to the Commerce Department.

Sales of new single-family homes decreased 2.1% in November month to a seasonally adjusted annual rate of 464,000, down from a rate of 474,000 in October.

Economists expected a November rate of 440,000, compared with a previously estimated October rate of 444,000.