Posted on October 26, 2016 - 08:26 PM
by David Lee Morton
New single-family home sales increased annually and monthly in September, according to the latest release from the U.S. Census Bureau and the Department of Housing and Urban Development.
The report recorded that new single-family home sales came in at 593,000 in September. This is a 3.1% from 575,000 in August and 29.8% from 457,000 in September of last year.
The new single-family home sales report comes after August’s drop in new home sales and July’s biggest gain since the housing bust.
However, economists expected the increase.
“New home sales came in as expected,” Tian Liu, Genworth Mortgage Insurance chief economist. “We see tremendous growth potential in new home sales as housing demand continues to grow and a continued shortage of newer-vintage homes.”
The data relating to real estate on this Web site derive in part from the Internet Data Exchange/IDX. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither RE/MAX Metrolina nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. (c)
2017 Carolina Multiple Listing Services, Inc.
Data last updated 2017-06-27
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*