Reversal for new-home sales

Sales of newly built single-family homes fell 3.6 percent from August to September to a seasonally adjusted annual rate of 402,000, a 7.8 percent decline from a year ago, the Census Bureau said today.

It was the first month-over-month decline in new-home sales since March, although builders were still able to chip away at the inventory of new homes on the market, which fell 4 percent from August to a seasonally adjusted 251,000 units.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.