New Home Sales decrease to 544,000 Annual Rate in October

The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 544 thousand. The previous three months were revised up significantly. "Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.9 percent  below the revised September rate of 597,000 and is 12.0 percent below the October 2017 estimate of 618,000. " emphasis added Click on graph for larger image. The......(read more)

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