The NAHB is reporting this week that new home sales in the U.S. dipped in November, but remained at a solid level as builders struggled to meet demand and gain access to building materials.
According to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in November fell 11 percent to an 841,000 seasonally adjusted annual rate. Despite the monthly decline, the November rate is 20.8 percent higher than a year ago.