With a larger-than-expected gain in sales there has been a rebound in the housing spread to the new home-sector last month.
Seasonally adjusted annual rate for single-family homes
According to the U.S. Census Bureau and the Department of Housing and Urban Development sales of new, single-family homes were at a seasonally adjusted annual rate of 430,000.
It has been noted at 6.2% above the revised September rate of 405,000 and compared to the rates in October of last year it is 5.1% higher.
Number of New Houses
In October it has also been said by the government that the median sales price of new houses sold was $212,200. The number of new houses that has been listed for sale at the end of the month was 239,000, a 6.7 month supply at the current sales rate.