Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes rose 5.7 percent in September to a seasonally-adjusted annual rate of 313,000 units. September’s improvement follows an upwardly revised 0.3 percent decline in August. On a year-over-year basis, sales of new single-family homes fell 0.9 percent in September. Sales activity was strongest in the South and West regions, where sales rose 11.2 percent and 9.7 percent, respectively. Conversely, sales declined in the Northeast (4.2 percent) and Midwest (12.2 percent). The median sales price of a new single-family home fell for the third consecutive month in September, declining 3.1 percent to $204,400. The number of new single-family homes for sale was flat in September at a seasonally-adjusted annual rate of 163,000 units, representing 6.2 months of supply at the current sales rate.