According to MarketWatch
U.S. sales of new homes retreated in December, perhaps a fitting end to a year which saw a new record low level of sales.
Sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000, the Commerce Department reported Thursday.
The decline brings sales back to its level in October, wiping out a gain in November where sales had risen to their highest level since April.
Economists has expected a further gain in sales in December after the strong rise in November, according to a MarketWatch survey.