Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 0.3 percent from September to October to a seasonally-adjusted annualized rate of 368,000 units sold. Over the past 12 months, new home sales have risen 17.2 percent. Regionally, sales of new home showed strong annual gains but varied widely on a monthly basis, ranging from a 32.2 percent decline in the Northeast to a 62.2 percent increase in the Midwest. The median sales price of single-family homes fell 4.4 percent to $237,000. The inventory of available homes for sale rose to 147,000, representing a 4.8 month supply at the current sales pace.