WASHINGTON (MarketWatch)Sales of new single-family homes in the U.S. rose 5.7% in September to a seasonally adjusted annual rate of 389,000, the highest pace since April 2010, the U.S. Department of Commerce reported Wednesday
The sales pace in August was revised down to 368,000 from a prior estimate of 373,000
Economists surveyed by MarketWatch had expected new-home sales in September to rise to an annual rate of 387,000, given recent gains in other housing-market data, such as confidence among home builders, as well as housing starts and permits
The median sales price in September declined 3.2% to $242,400
The supply of new homes declined to 4.5 months at September's sales rate from 4.7 months in August
By region, sales in September fell only in the Midwest
Despite the gain in September, the pace of new home sales remains relatively low compared with a peak of almost 1.4 million in 2005
1 comentario:
WASHINGTON (MarketWatch)
Sales of new single-family homes in the U.S. rose in September to the highest rate in a year-and-a-half, according to government data released Wednesday that confirms the improving picture in the housing market.
ECONOMY AND POLITICS
New-home sales up
Sales of new single-family homes rises 5.7% in September, the best pace since April 2010.
Sales of new single-family homes in the U.S. rose 5.7% in September to a seasonally adjusted annual rate of 389,000, the highest pace since April 2010, when the first-time homebuyer tax credit was initially due to expire, the Commerce Department said.
The sales pace in August was revised down to 368,000 from a prior estimate of 373,000.
Economists surveyed by MarketWatch had expected new-home sales in September to rise to an annual rate of 387,000, given recent gains in other housing-market data, such as confidence among home builders, as well as housing starts and permits. See economic calendar.
Despite the gain in September, the pace of new home sales remains relatively low compared with a peak of almost 1.4 million in 2005 But it’s improved 38.9% from a series low of 280,000 in May 2010 as mortgage rates have hit record lows, foreclosures have dropped, and the jobs picture has slowly improved.
By region, sales in September fell only in the Midwest
Publicar un comentario