New Home Sales decrease to 679,000 Annual Rate in October; Median New Home Price is Down 18% from the Peak - InvestingChannel

New Home Sales decrease to 679,000 Annual Rate in October; Median New Home Price is Down 18% from the Peak

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 679,000 Annual Rate in October

Brief excerpt:

The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 679 thousand. The previous three months were revised down.

Active InventoryThe next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate). Sales in October 2023 were up 17.7% from October 2022. Year-to-date sales are up 4.6% compared to the same period in 2022.

As expected, new home sales were up solidly year-over-year in October, and there will be more sales in 2023 than in 2022.

You can subscribe at https://calculatedrisk.substack.com/.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire