by Calculated Danger on 11/26/2024 10:48:00 AM
As we speak, within the Calculated Danger Actual Property Publication: New Residence Gross sales Lower Sharply to 610,000 Annual Price in October
Transient excerpt:
Necessary: Gross sales in October had been impacted by the hurricanes. The south area was down 27.7% year-over-year (“South” consists of Florida, the Carolinas and Georgia – states hit hardest by hurricanes Helene and Milton). Excluding the South, gross sales had been up about 8% year-over-year.
The Census Bureau reported New Residence Gross sales in October had been at a seasonally adjusted annual charge (SAAR) of 610 thousand. The earlier three months had been revised down, mixed.
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The following graph reveals new residence gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Price). Gross sales in October 2024 had been down 9.4% from October 2023.New residence gross sales, seasonally adjusted, have elevated year-over-year in 17 of the final 19 months.
There’s way more within the article.
