New home sales pace in Midwest declines in November

dennis-norman-st-louis-realtor-real-estate-new-home-salesNew home sales in November in the Midwest region were at a seasonally adjusted rate of 49,000 homes, a decrease of 12.5 percent from the month before and a decrease of 5.8 percent from a year ago, according to the new home sales for November 2012 just released by the Commerce Department. The new home sales numbers for the Midwest are in pretty sharp contrast to the national numbers which showed new home sales up 4.4 percent in November from the month before and up 15.3 percent from a year ago.  Year to date actual home sales in the U.S. are up 20 percent from 2011 and in the Midwest they are up 9.8 percent.



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