by calculated risk October 24, 2024 10:54:00 AM
In today’s ‘Calculated Risk Real Estate’ newsletter: New home sales in September rose to an annual rate of 738,000 units
A brief excerpt:
census bureau reported New home sales in September reached a seasonally adjusted annual rate (SAAR) of 738,000. The figures for the previous three months have been revised downward.
…The following graph shows new home sales by month in 2023 and 2024 (seasonally adjusted annual rate). Sales in September 2024 increased by 6.3% compared to September 2023.
Seasonally adjusted new home sales increased year over year in 17 of the past 18 months.
Note that this is the opposite Used home sales This is the 37th consecutive month of year-over-year declines.
There’s a lot more to this article.
