The U.S. Census Bureau and the Department of Housing and Urban Developmentâ€™s New Residential Sales report for JanuaryÂ shows sales of new single-family homes were 0.9 below Decemberâ€™s upwardly revised annual rate of 324,000. The revision to Decemberâ€™s rate, previously reported to be 307,000, put that monthâ€™s sales pace at a year-long high. And, despite slipping from last month, Januaryâ€™s sales pace exceeded economistsâ€™ expectations and were 3.5 percent above last year. The median sales price of new houses sold in January was $217,000, up from $210,300 in December. At the end of the month, there was a 5.6-month supply of new homes for sale at the current sales pace. MoreÂ here.