New Home Sales Rise In December

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Newly constructed homes are shown January 29, 2007 in Rancho... News PhotoBuilding - Activity,California,Civilian,Construction Industry,Economy,Rancho Cucamonga,Residential Building,USAPhotographer Collection: Getty Images News 2007 Getty ImagesRANCHO CUCAMONGA, CA - JANUARY 29: Newly constructed homes are shown January 29, 2007 in Rancho Cucamonga, California. The U.S. Commerce Department reported sales of new homes in December rose by 4.8 percent, following an even stronger 7.4 percent increase in November. But that wasn't enough to erase a loss of 17.3 percent for 2006 from 2005, which marked the biggest decline since 1990. (Photo by David McNew/Getty Images)