Monday, October 26, 2020

New home sales rebound pauses for breath

Sales of new single-family houses in September 2020 were at a seasonally adjusted annual rate of 959,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is not much changed from the revised August rate of 994,000, but is 32.1 percent above the September 2019 estimate of 726,000.

There were 284,000 new homes for sale at the end of September, about a 3.6 month supply at the current rate of sales.

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