New home sales in the U.S. fell abundant added than accepted in January, the Department of Commerce appear Thursday. Meanwhile, the average auction amount fell to $201,100.

New home sales fell to an annualized clip of 309k, a 10.2% abatement from December, the address said. The antecedent month's

reading of 324k sales was revised up to 344k.

Economists were assured a 2.1% abatement to 324k. Inventories rose to a clip of 13.3 months - a almanac top - up from a downwardly revised 12.2-month accumulation in December.

The average auction amount of new houses was down from an upwardly revised $223,200 in December. Annually, prices accept collapsed 13.5%.

Sales fell beyond a lot of regions. In the West, the clip of sales fell to 59k in January from an upwardly revised 82k in December, while sales in the Midwest fell to 51k from an upwardly revised 54k. Sales in the South confused down to 172k from an upwardly revised 184k in December. The clip of sales rose in the Northeast to 27k from a downwardly revised 24k in December.