There was a 0.9 percent drop in sales of new homes in January vs. December, the Census Bureau and Department of Housing and Urban Development just reported.
The annual sales rate, 321,000, was still 3.5 percent above the pace of January 2011, however.
And The Associated Press notes that the dip in January from December may have partly been due to the fact that "the government said the final quarter of 2011 was stronger than first estimated."