New Home Sales Rise in Jan.

The National Association of Home Builders (NAHB) informs MHProNews, according to figures released by HUD and the U. S. Census Bureau, sales of single-family, newly-built homes increased 15.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 437,000 units. Every region experienced solid gains in new home sales—27.6 percent in the Northeast, 45.3 increase in the West, an 11.1 percent gain in the Midwest, and the South saw a 3.2 percent rise. Meanwhile, the inventory of new homes for sale remained at 150,000 units, which amounts to a 4.1 months supply, the lowest number since March 2005.

(Photo credit: Paul J. Richards/Getty Images)

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