Sales of single-family houses in September were at a seasonally adjusted annual rate of 593,000, a 3.1 percent increase from the August rate of 575,000 and a 29.8 percent gain compared with the September 2015 rate of 457,000, according to the U.S. Census Bureau.
"Low mortgage rates, continued job growth and tight inventory levels are all factors that point to increased housing production as we move into 2017," said NAHB Chief Economist Robert Dietz in a statement.
The median price of new houses sold in September 2016 was $313,500.
Read Next
