In the News – New Home Sales in October – Steady Progress On A Long Recovery

In the News – New Home Sales in October – Steady Progress On A Long Recovery

The US Census Bureau and Department of Housing and Urban Development in a joint release reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 563 thousand in October, down slightly from September but continuing the slow, steady upward trend of the last several years. Sales were down 1.9% from September but up 17.8% from last October. Builders cautiously added to available inventories. The inventory of new single family homes for sale was 246 thousand, the highest level since the downturn.

For more information visit NAHB

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