facebook
twitter
rss
account
search
search
 

U.S. sales of new homes rose in September

Oct. 24, 2012 at 12:18 PM   |   Comments

| License Photo
WASHINGTON, Oct. 24 (UPI) -- Sales of new single-family homes rose 5.7 percent August to September, the U.S. Commerce Department said Wednesday.

Sales rose to a seasonally adjusted annual rate of 389,000 from a revised August rate of 368,000.

Sales also rose 27.1 percent more than the annual rate of 306,000 from September 2011.

The Commerce Department said the average sale price for a new home sold in September was $292,400, slight drop from August.

The seasonally adjusted estimate of how many new homes were on the market at the end of the month was 145,000, which is 4,000 more than August and represents a 4.5-month supply at the current rate of sales.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
4
$3 gas could make a comeback $3 gas could make a comeback
5
Starbucks testing smaller Frappuccinos Starbucks testing smaller Frappuccinos
Trending News
Video
x
Feedback