Tag Archive | “the Department of Housing and Urban Development sales”

New Home Sales Climbed 6%

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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.

new_home_sales

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.

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