Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes rose 1.3 percent in October to a seasonally-adjusted annual rate of 307,000 units. October’s increase is down from September’s revised 3.4 percent gain (previously 5.7 percent). On a year-over-year basis, sales of new single-family homes jumped 8.9 percent in October after falling 4.11 percent in September. Sales activity was strongest in the Midwest and West regions, where sales rose 22.2 percent and 14.9 percent, respectively. Conversely, sales were flat in the Northeast and declined in the South by 9.5 percent. The median sales price of a new single-family home fell for the fourth consecutive month in October, declining 0.5 percent to $212,300. Year-over-year, however, the median new-home price is up 4 percent. The number of new single-family homes for sale was flat in October at a seasonally adjusted annual rate of 162,000 units, representing 6.3 months of supply at the current sales rate.