About an hour ago, I indicated that the analysts were looking for 300,000 new single-family home sales in December 2010. Since then, the US Census Bureau has released its official report, and we actually hit a seasonally adjusted 329,000 (up from November's 280,000 but still behind December 2009's 356,000). The median price of new homes sold in December was $241,500, while the average price was $291,400.
So yeah, that'll bring a little happiness to the markets. Can you smell the sweet, sweet scent of trickle-down economic impact?