Banking

New Home Sales Rise in October

New single-family house sales increased to a seasonally changed yearly rate of 745,000 in October, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The October level is 0.4% above the modified September rate of 742,000, however is 23.1% listed below the October 2020 price quote of 969,000.

The mean prices of brand-new homes offered in October 2021 was $407,700.  The typical prices was $477,800.

At completion of October, the seasonally changed approximated supply at the present sales rate was at 6.3 months.

Read the Census/HUD release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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