fbpx
White House ‘Social Media Summit’: No Facebook, No Twitter, No Transparency CopyRead more White House ‘Social Media Summit’: No Facebook, No Twitter, No TransparencyRead more White House ‘Social Media Summit’: No Facebook, No Twitter, No TransparencyRead more White House ‘Social Media Summit’: No Facebook, No Twitter, No TransparencyRead more White House ‘Social Media Summit’: No Facebook, No Twitter, No TransparencyRead more White House ‘Social Media Summit’: No Facebook, No Twitter, No TransparencyRead more Twitter to Label Tweets by Leaders Who Break Its RulesRead more Twitter to Label Tweets by Leaders Who Break Its RulesRead more Twitter to Label Tweets by Leaders Who Break Its RulesRead more Twitter to Label Tweets by Leaders Who Break Its RulesRead more

US new home sales rise slightly in October below estimate

show caption
New home sales rose modestly in the United States in October as prices remained elevated./AFP
Print Friendly and PDF

Nov 25, 2021 - 06:38 AM

ANKARA (AA) – New home sales in the US increased slightly in October, but came below the market estimate, according to a joint report by the Census Bureau and Department of Housing and Urban Development on Wednesday.

Sales of new single‐family houses in October came at a seasonally adjusted annual rate of 745,000, which was a 0.4% increase from the revised September rate of 742,000.

New home sales, which shows number of new single-family homes sold, was estimated to come at 800,000 in October.

The October figure was 23.1% below the same month of last year when it stood at 969,000, the report said.

The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800, it added.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.