HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » New Home Sales Jump to Ne...

Wed Oct 24, 2012, 10:05 AM

New Home Sales Jump to Near 2-1/2 Year High in September [View all]

Source: Reuters

New home sales jump to near 2-1/2 year high in September

Wed Oct 24, 2012 10:02am EDT

WASHINGTON (Reuters) - New single-family home sales surged in September to their highest level in nearly 2-1/2 years, further evidence the housing market recovery is gaining steam.

The Commerce Department said on Wednesday sales increased 5.7 percent to a seasonally adjusted 389,000-unit annual rate - the highest level since April 2010, when sales were boosted by a tax credit for first-time homebuyers.

Though August's sales pace was revised down to a 368,000-unit pace from the previously reported 373,000 units, the tenor of the report was relatively strong, with the median home price of a new home rising 11.7 percent from a year ago.

Economists polled by Reuters had forecast sales rising to a 385,000-unit rate last month.

Read more: http://www.reuters.com/article/idUSBRE89N0Y920121024

1 replies, 1155 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply New Home Sales Jump to Near 2-1/2 Year High in September [View all]
Hissyspit Oct 2012 OP
randome Oct 2012 #1