New Home Sales October 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On November 23, 2016, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported nationwide new single family home sales lower 1.9% to an annual rate of 563,000 homes in October of 2016 from 574,000 homes in September of 2016, but gained 17.8% from October of 2015 an annual rate of 478,000 homes. The median sold value of new home was $304,500, while the average sales price was $354,900 in October of 2016. There were estimated 246,000 new houses for sale a 5.2 months supplies of available inventory at the end of October of 2016.

Regionally, new homes sales in the Northeast fell 9.1% in October of 2016 from September of 2016, nd down 6.3% from October of 2015. In the Midwest new homes sales declined 13.7% in October of 2016 from September 2016, but up 8.6% from October of 2015. In the South new homes sales decreased 3.0% in October of 2016 from September 2016, but higher 17.9% from October of 2015. In the West new homes sales increased 8.8% in October 2016 from September 2016, but jumped 28.7% from October of 2015.

For complete more detailed information about (HUD) and U.S. Census Bureau report of new home sales October of 2016, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
2,603,601
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning John. Sometimes measuring short periods causes a blip the evens out over the long term. Thanks for the update. Enjoy your day!

Nov 29, 2016 04:21 AM #1
Rainmaker
4,202,247
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi John.  Thanks for the report.  Lots of ways to interpret these numbers.

Nov 29, 2016 04:26 AM #2
Rainmaker
31,633
Cameron Bagherpour
Cary & Raleigh, NC - Cary, NC
Raleigh North Carolina

The YOY numbers look pretty good to me! Thanks for sharing!

Nov 29, 2016 07:24 AM #3
Rainmaker
2,336,403
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Wayne Martin You are welcome. Hopefully, this report will help many people. Thanks for the comment.

Nov 29, 2016 04:37 PM #4
Rainmaker
2,336,403
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Gabe Sanders You are welcome. Numbers can be interpret differently.

Thanks for the comment.

Nov 29, 2016 04:40 PM #5
Rainmaker
2,336,403
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Cameron Bagherpour You are welcome. Glad you find the numbers useful. Thanks for the comment.

Nov 29, 2016 04:42 PM #6
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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