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New Home Sales 32% higher than last September

Mortgage News > New Home Sales 32% higher than last September
Date: 10/27/2020    New Home Sales 32% higher than last September

Sales of new U.S. homes skyrocketed 32.1% in September from the previous year, according to the Commerce Department, although they fell 3.5% from August. Sales in September declined to a seasonally adjusted annual rate of 959,000 units, lower than Reuters experts' predictions of 1.025 million. New home sales made up 12.8% of all housing sales last month. With so much demand, homebuilder confidence reached an all-time in October.

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