Sales of new single-family homes in September were at a seasonally adjusted annual rate of 667,000, an 18.9 percent increase compared with August’s rate of 561,000 and 17 percent above the rate in September 2016 of 570,000, according to the U.S. Census Bureau.
Sales of new single-family homes in September were at a seasonally adjusted annual rate of 667,000, an 18.9 percent increase compared with August’s rate of 561,000 and 17 percent above the rate in September 2016 of 570,000, according to the U.S. Census Bureau.
"New home sales have bounced back from a few soft months and have returned to the strong growth trend we saw earlier this year," said Robert Dietz, National Association of Home Builders chief economist, in a statement. "As existing home inventory remains tight, we can expect new homes sales to continue to make gains in the months ahead."
The median sales prices of new houses sold in September was $319,700, a 5.2 percent increase compared with August’s median price of $303,800 and a 1.5 percent increase compared with the median price in September 2016 of $314,800.
