New home sales figures for September unveiled



He added: “Taken as a whole, the report continues to reflect the continuing story of strong housing demand in the face of a tight supply of homes available for sale, as home builders struggle to manage their costs. order books. “

New homes sold for a median price of $ 408,800 in September, while the average selling price was $ 451,700. The report estimates 379,000 new homes for sale in September, which represents an offer of 5.7 months at the current sale rate.

“Builders signed contracts to sell 65,000 homes in September, the highest number since May. Only 17,000 of these houses were ready to move into; the other 48,000 were either under construction or the ground had not yet been cleared, ”said Holden Lewis, housing and mortgage specialist at NerdWallet. “By selling so many unfinished homes, sellers are showing their confidence that shortages of materials, appliances and workers will ease over the next few months.”

Read more : Mortgage experts optimistic about latest home data

“Despite the drop in housing starts this month, sales have remained strong, indicating that buyers are always on the lookout for new products to meet their ever-changing needs as the school year begins and households are adjusting to their “new normal hours”, “said Kelly Mangold, partner at RCLCO Conseil Immobilier. “RCLCO expects home sales to remain strong at the end of the year as millennials are in their peak family training years and demand remains for larger living spaces and homes with access. outside.”


Previous Spokane new home sales rise ahead of expected mortgage rate hikes
Next In Italy, old towns hungry for new blood sell houses for $ 1

No Comment

Leave a reply

Your email address will not be published.