New Residence Gross sales Improve to 738,000 Annual Charge in September; Median New Residence Worth is Down 7% from the Peak on account of Change in Combine

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by Calculated Danger on 10/24/2024 10:54:00 AM

As we speak, within the Calculated Danger Actual Property E-newsletter: New Residence Gross sales Improve to 738,000 Annual Charge in September

Transient excerpt:

The Census Bureau reported New Residence Gross sales in September have been at a seasonally adjusted annual charge (SAAR) of 738 thousand. The earlier three months have been revised down.

The subsequent graph exhibits new house gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Charge). Gross sales in September 2024 have been up 6.3% from September 2023.

New house gross sales, seasonally adjusted, have elevated year-over-year in 17 of the final 18 months.

Word that that is the other of Current Residence gross sales which were down year-over-year for thirty-seven consecutive months!

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