For the third month straight, new-home sales slipped, according to the Commerce Department’s December report.
New-Home Sales (Annual Rate): 694,000
- -0.4 percent month-over-month (Dec. 2019/Nov. 2019)
- +23 percent year-over-year (Dec. 2019/Dec. 2018)
For-Sale Inventory: 327,000
Months’ Supply: 5.7
Average Price: $384,500
Median Price: $331,400
(TNS)—The rules of the retirement game just saw a sizable overhaul in Congress, giving a nod to the reality that many Americans can’t afford to quit working.
The changes aren’t massive enough to put to rest concerns about an upcoming retirement crisis where some forecast a growing gap between the haves and have-nots. Even so, the adjustments are likely to help some households boost their retirement savings.