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12/27/2012 11:00:00 AM Write a Letter to the Editor Write a letter to the Editor

New Home Sales Rise to Two-Year High

New home sales rose 4.4% in November to a two-year high, the Commerce Department said Thursday.

Sales rose to a 377,000 annual rate, the most since April 2010, from a revised 361,000, which was lower than originally reported, Commerce said.

The November rate was below economists’ median forecast of 380,000, Bloomberg reported.

Purchases rose 21.1% in the South and increased 12.5% in the Northeast. Sales dropped 17.8% in the West and 12.5% in the Midwest.

Rising home sales can mean more business for flatbed trucking companies, which haul building materials, and dry van freight carriers, which haul household appliances and furniture.

By Transport Topics

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