at 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
Letter 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.
…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.