A few Comments on September New Home Sales

New home sales for September were reported below the consensus forecast at 593,000  on a seasonally adjusted annual rate basis (SAAR). And the three previous months were all revised down significantly. However, sales were up 29.8% year-over-year in September, and this is the best month for September (NSA) since 2007. And sales are up 13.0% year-to-date compared to the same period in 2015. The glass is more than half full.  This is very solid year-over-year growth. Earlier: New Home Sales at 593,000 Annual Rate in September . Click on graph for larger image. This graph shows......(read more)

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