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Surprisingly, new home sales hit five-month low Updated December 23, 2020, 6:27 p.m. Email to a Friend A worker stood inside the garage of a new home under construction by Pardee Construction LLC in the Pacific Highlands Ranch master planned community in San Diego during the summer. New-home sales in the United States dropped to a five-month low in November.Bing Guan/Bloomberg News REAL ESTATE New-home sales nationwide unexpectedly tumble to lowest level since June New-home sales in the United States dropped to a five-month low, suggesting red-hot demand is cooling amid resurgent COVID-19 cases and other signs of a slowing economy. Purchases of new single-family houses decreased 11 percent to an 841,000 annualized pace in November from a downwardly revised 945,000 rate in the prior month, government data showed Wednesday. The median projection in a Bloomberg survey of economists called for 995,000. The median selling price rose 2.2 percent from a year earlier to $335,300. The d

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