Keeping you up to date on the latest data releases.
- New Home Sales
In October, the sale of new single-family homes rose to a seasonally-adjusted annualized rate of 444,000 units sold. This represents a 25.4 percent increase over the newly released September figure of 354,000, and a 21.6 percent increase since October of 2012. Regionally, most areas posted strong monthly and annual improvements with the exception of the West, where new home sales were down 14.2 percent on a year-over-year basis. The median sales price of new single-family home sales was $245,800, which is a decline of 4.5 percent over the month and 0.6 percent since last October. At the current pace sales in October, the monthly supply of new single-family homes is 4.9 months, down 23.4 percent compared to September, but an improvement of 2.1 percent over the past 12 months.