New House Gross sales Enhance to 738,000 Annual Price in September; Median New House Value is Down 7% from the Peak as a result of Change in Combine

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

Right now, within the Calculated Danger Actual Property Publication: New House Gross sales Enhance to 738,000 Annual Price in September

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

The following graph reveals new residence gross sales for 2023 and 2024 by month (Seasonally Adjusted Annual Price). Gross sales in September 2024 had been up 6.3% from September 2023.

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

Notice that that is the other of Current House gross sales which have been down year-over-year for thirty-seven consecutive months!

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