New House Gross sales Enhance to 738,000 Annual Fee in September; Median New House Value is Down 7% from the Peak because of Change in Combine

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

Right this moment, within the Calculated Danger Actual Property Publication: New House Gross sales Enhance to 738,000 Annual Fee in September

Transient excerpt:

The Census Bureau reported New House Gross sales in September had been at a seasonally adjusted annual charge (SAAR) of 738 thousand. The earlier three months had been revised down.

The subsequent graph reveals new dwelling gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Fee). Gross sales in September 2024 had been up 6.3% from September 2023.

New dwelling gross sales, seasonally adjusted, have elevated year-over-year in 17 of the final 18 months.

Notice that that is the other of Present House gross sales which have been down year-over-year for thirty-seven consecutive months!

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