Keeping you up to date on the latest data releases.
- New-Home Sales
Sales of new single-family homes rose to an annualized rate of 389,000 units in September, the highest level since April 2010. This is 5.7 percent above the downwardly revised August figure and a 27.1 percent increase over the past 12 months. Regionally, all areas showed positive growth on both a monthly and an annual basis except for the Midwest, which is experiencing sharp declines. Sales there are down 37.3 percent from the previous month and 31.9 percent from the previous year. The median sales price of new single-family homes was $242,000, representing a 3.2 percent decrease on the month but an 11.7 increase since this time last year. The monthly supply of homes fell to a 4.5 month supply at the current sales pace, which is the lowest level since October 2005.