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US New Home Sales Picked Up in September and October: Inventory Still Elevated Despite Boost in Sales from Lower Rates and Incentives
From wellsfargo.bluematrix.com
New home sales appear to be benefiting from the recent easing in mortgage rates. Although sales were essentially unchanged in October at a 737K annual pace, robust improvements in both August and September lifted the pace of transactions near its highest level since May 2023. The South is responsible for the bulk of recent sales gains, where new home inventory is most plentiful following a post-pandemic construction boom. The Midwest also registered its second-fastest sales pace of the year in October. But not every region posted the same pickup in sales. In October, new home sales were essentially flat in the ... (full story)
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Sales of new single-family houses in October 2025 were at a seasonally-adjusted annual rate of 737,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.1 percent (±14.2 percent)* below the September 2025 rate of 738,000, and is 18.7 percent (±21.7 percent)* above the ...
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