(Source: U.S. Commerce Department) - Sales of new single-family homes in the Northeast in October were down 32.3 percent to a seasonally adjusted rate of 21,000, according to the U.S. Commerce Department. September’s revised annual rate was 31,000.
Nationally, new home sales were at a seasonally adjusted annual rate of 368,000 for October. This is 0.3 percent below the revised September rate of 369,000 and is 17.2 percent above the October 2011 total of 314,000.
To read the entire U.S. Commerce Department press release, click here.