by Calculated Risk on 10/24/2024 10:54:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 738,000 Annual Rate in September

Brief excerpt:

The Census Bureau reported New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down.
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The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in September 2024 were up 6.3% from September 2023.

New home sales, seasonally adjusted, have increased year-over-year in 17 of the last 18 months.

Note that this is the opposite of Existing Home sales that have been down year-over-year for thirty-seven consecutive months!

There is much more in the article.