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2/26/2013 12:00:00 PM Write a Letter to the Editor Write a letter to the Editor

New Home Sales Jump 15.6% in January

New home sales increased 15.6% in January to the highest level since July 2008, the Commerce Department said Tuesday.

Sales rose to a 437,000 annual rate from a revised 378,000, which was higher than originally reported, Commerce said.

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

Purchases jumped 45.2% in the West and  27.6% in the Northeast and rose 11.1% in the Midwest and 3.2% in the South.

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

By Transport Topics

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