WASHINGTON — New home sales fell 12.6% in January to a seasonally adjusted annual rate of 284,000, as the median sales price declined and the supply increased, according to Commerce Department report Thursday.

December new home sales were revised lower to 325,000 from 329,000 reported last month.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.