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New Home Sales Unexpectedly Increase in October

  • November 28th 2022

by UrbanTurf Staff

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New home sales unexpectedly increased last month. 

There were 632,000 new home sales in the U.S. in October, according to the U.S. Census Bureau, up 7.5% from the September rate of 588,000. Despite the month-to-month increase, new home sales are still down 5.8% compared with October 2021.

Homes priced above $500,000 made up nearly 50% of new home sales in October, up from 41% in September. In contrast, homes priced between $300,000 and $499,999 made up 39% of sales in October, down from 51% in September.

See other articles related to: new home sales

This article originally published at https://dc.urbanturf.com/articles/blog/new_home_sales_unexpectedly_increase_in_october/20354.

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