January 27, 2014
Statement From LIA Chief Economist, John Rizzo on New Home Sales
By: Dr. John A. Rizzo
"New home sales were well below expectations in December, which may in part reflect unusually cold weather throughout much of the country. But new home prices rose by the most since 2013 and homes continued to sell fairly quickly. So there are signs of continued strength in the housing market as well", said John A. Rizzo, LIA Chief Economist.